Princess Close

INVESTMENT SUMMARY

A well-positioned three-bedroom freehold bungalow in the established Castlefields area of Runcorn, currently tenanted and producing a secure income stream of £675 per calendar month (£8,100 per annum). Offered at a guide price of £115,000, this represents a gross yield of 7.0%, with the added benefit of scope to add value through modernisation.

The property is in need of updating throughout, presenting an excellent opportunity for an investor to refurbish, enhance rental value, and improve capital growth potential, or for an owner-occupier to put their own stamp on a spacious bungalow in a convenient, well-connected location.

KEY INVESTMENT FIGURES

• Guide Price: £115,000
• Current Rent: £675 pcm
• Annual Income: £8,100
• Gross Yield: 7.0%

PROPERTY DETAILS

PROPERTY DESCRIPTION

5 Princess Close is a three-bedroom bungalow currently let at £675 per calendar month, offering a new owner a hassle-free, income-producing investment from completion. The property is in need of modernisation throughout, giving a purchaser the opportunity to add value, improve the rental income further, and increase the capital value of the property over time.

Internally, the accommodation comprises a spacious reception room, well suited to relaxing or entertaining, and a large bathroom offering plenty of space for day-to-day use. The first and second bedrooms are both double-sized, with the first benefiting from an abundance of natural light and a bright, airy feel. The third bedroom offers flexible use as a guest room, home office, or additional storage.

Outside, the property benefits from a garden, providing a private outdoor space to enjoy in the warmer months.

TENURE

The property is offered Freehold, giving the purchaser full ownership with no ground rent, service charge, or lease-related considerations – a straightforward, low-friction investment from a legal and lending perspective.

LOCATION

Castlefields is an established residential area of Runcorn, offering convenient access to local schools, amenities, parks, and public transport links, making it a consistently popular choice for tenants. Runcorn East and Runcorn railway stations provide direct connections toward Liverpool, Manchester and the wider North West rail network, while the town’s road links, including swift access to the M56 and M62, make commuting straightforward for tenants working further afield.

Runcorn has seen continued investment in its town centre, retail and transport infrastructure in recent years, supporting steady rental demand in surrounding residential areas such as Castlefields.

INVESTMENT HIGHLIGHTS

• Currently tenanted at £675 pcm – immediate income, no void period
• Gross yield of 7.0% at the guide price
• Freehold tenure – no lease, ground rent or service charge
• Scope to add value through modernisation and refurbishment
• Well-connected Castlefields location with strong tenant demand
• EPC rated C – above-average energy efficiency, keeping running costs manageable for tenants
• Private garden and spacious, double-sized bedrooms appeal to a broad tenant pool