Firdale Road

KEY FACTS

• Address: 15 Firdale Road, Northwich, Cheshire West and Chester, CW8 4AZ
• Property Type: 2-bedroom flat
• Tenure: Leasehold – peppercorn ground rent, approx. 999 years from 24 June 1982 (955 years remaining)
• Ground Rent / Service Charge: None
• Freeholder: Absent freeholder
• EPC Rating: C
• Current Tenancy: Tenant in situ, paying £750 pcm (£9,000 p.a.)
• Tenant Status: Due to vacate in the coming months

INVESTMENT HIGHLIGHTS

• Immediate income – sold with a paying tenant at £750 pcm, a 7.5% gross yield on the asking price
• Long peppercorn lease with no ground rent and no service charge payable
• Independent Rightmove comparable rental evidence supports an achievable market rent of £800 pcm, lifting gross yield to c. 8.0%
• Tenant due to vacate shortly, giving an incoming buyer an early opportunity to re-let at the higher rent
• Absent freeholder and peppercorn terms mean minimal third-party costs
• EPC C – supports continued compliance with MEES rental standards

DESCRIPTION

15 Firdale Road is a two-bedroom flat in Northwich, offered as a straightforward, cash-flowing residential investment. The property is held on a long leasehold with peppercorn terms, no ground rent, no service charge, keeping running costs to a minimum and protecting net income for the investor.

The flat is currently income-producing, let at £750 pcm. The tenant has indicated an intention to vacate in the coming months, giving a buyer both day-one rental income and a clear route to re-letting at a higher market rent.

TENURE & LEASE

Held leasehold on a peppercorn lease of approximately 999 years from 24 June 1982 (circa 855 years unexpired). The freeholder is absent, and no ground rent or service charge is currently levied, so the whole passing rent flows through to the investor before standard running costs (insurance, maintenance, letting fees, void periods, tax). Buyers and solicitors should verify tenure and title independently given the absent freeholder.

TENANCY & RENTAL INCOME

Sold subject to the existing tenancy, currently paying £750 pcm (£9,000 p.a.). The tenant has given notice of intention to vacate in the coming months. A comparable rental evidence report (Rightmove Best Price Guide) supports an achievable open-market rent of approximately £800 pcm (£9,600 p.a.) once re-let.

YIELD ANALYSIS

LOCATION

Northwich is an established Cheshire market town with a good range of shops, schools, transport links, and employment, a consistently popular choice for tenants. The town benefits from rail connections and road access via the A556/A559, linking to Chester, Manchester, and the wider North West, supporting steady rental demand for well-priced two-bedroom accommodation.

WHY THIS IS A COMPELLING INVESTMENT

• Sub-£120,000 entry price for a tenanted two-bedroom flat with an immediate 7.5% gross yield- above typical UK buy-to-let averages
• Clear, evidenced path to an 8.0% yield with no speculative assumptions
• Peppercorn lease removes two of the most common drags on landlord returns
• Simple management and low barrier to entry – suitable for a growing portfolio or a first investment purchase