£45,000
2 bedroom flat for sale
flat 
2 bedrooms Property description
FOR SALE BY LIVE STREAM AUCTION ON TUESDAY 10TH SEPTEMBER 2024 AT 12PM
*GUIDE PRICE £45,000+
* Tenanted two bedroom apartment *
A tenanted second floor apartment forming part of this ever popular mill conversion situated canal side in the heart of the thriving market town centre of Brighouse with Junction 25 of the M62 within circa half a mile.
Presently achieving £750 per calendar month* (representing a healthy gross return of 20% based on the auction guide price), this is an excellent opportunity for a Landlord to add to an existing portfolio or equally a first time investor starter property.
Although we have been unable to inspect the property, we note the letting agent marketed the property previously as having a corner position and offering accommodation comprising an open plan reception room, kitchen, two bedrooms (en suite to main) and bathroom together with balcony. Allocated parking space.
The apartment also comes with access to the gym and swimming pool which are located on the ground floor of the mill. The building has both lift and stairways to all floors.
A ( ... ) search reveals that there are presently two one bedroomed apartments on the open market with asking prices of £72,500 and £85,000 therefore with its particularly competitive guide this lot is one to consider!
*We have evidenced the original AST which states £700 pcm but have seen sufficient evidence from rent statements to reflect the increase applied after 12 months of the original tenancy contract 26th May 2023 and is on a roll over monthly contract from 1 June 2024 - Interested parties should refer the legal pack for more information.
Lease Length - 999 years starting on 1 July 2003
Ground Rent - tbc
Service Charge - £3,555.90pa (Jan 2024-Dec 2024)
*GUIDE PRICE £45,000+
* Tenanted two bedroom apartment *
A tenanted second floor apartment forming part of this ever popular mill conversion situated canal side in the heart of the thriving market town centre of Brighouse with Junction 25 of the M62 within circa half a mile.
Presently achieving £750 per calendar month* (representing a healthy gross return of 20% based on the auction guide price), this is an excellent opportunity for a Landlord to add to an existing portfolio or equally a first time investor starter property.
Although we have been unable to inspect the property, we note the letting agent marketed the property previously as having a corner position and offering accommodation comprising an open plan reception room, kitchen, two bedrooms (en suite to main) and bathroom together with balcony. Allocated parking space.
The apartment also comes with access to the gym and swimming pool which are located on the ground floor of the mill. The building has both lift and stairways to all floors.
A ( ... ) search reveals that there are presently two one bedroomed apartments on the open market with asking prices of £72,500 and £85,000 therefore with its particularly competitive guide this lot is one to consider!
*We have evidenced the original AST which states £700 pcm but have seen sufficient evidence from rent statements to reflect the increase applied after 12 months of the original tenancy contract 26th May 2023 and is on a roll over monthly contract from 1 June 2024 - Interested parties should refer the legal pack for more information.
Lease Length - 999 years starting on 1 July 2003
Ground Rent - tbc
Service Charge - £3,555.90pa (Jan 2024-Dec 2024)
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Over a month agoEnergy Performance Certificate
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Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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