INVESTMENT OPPORTUNITY FOR LANDLORDS!This SECOND FLOOR APARTMENT is located within walking distance of local amenities including cafes, pubs, bars and restaurants. The apartment is conveniently situated for easy access into Rochdale and Bury town centres whilst also a short drive from the motorway network.The apartment offers spacious living accommodation briefly comprising of an entrance hall, large lounge / dining area open plan to a fitted kitchen, TWO DOUBLE BEDROOMS and a three-piece bathroom. The apartment benefits from having upvc double glazing throughout and an electric heating system.The apartment also comes with allocated parking and additional visitor parking.Gross annual income of £8340 let on an assured shorthold tenancy with the potential to increase!
GROUND FLOOR
Communal Entrance Security door/system with stairs and lift to all floors
SECOND FLOOR
Apartment Entrance Hall - 7' 1'' x 8' 8'' (2.15m x 2.65m) Storage cupboard
Lounge / Dining Room - 18' 0'' x 15' 11'' (5.48m x 4.85m) Large open plan room
Kitchen - 7' 2'' x 11' 4'' (2.18m x 3.45m) Contains fitted storage units, induction hob, oven, extractor fan and sink unit
Bedroom One - 11' 2'' x 10' 6'' (3.41m x 3.20m) Double room
Bedroom Two - 10' 6'' x 8' 1'' (3.20m x 2.47m) Double room
Bathroom - 7' 2'' x 5' 6'' (2.18m x 1.68m) Three-piece suite comprising of wc, wash hand basin and bath with shower
Heating The property benefits from having electric storage heaters and upvc double glazing throughout
External The apartment also comes with allocated parking and additional visitor parking
Tenancy Details Tenancy Contract Length - 12 month from 27 November 2023Rental Income Per Calendar Month - £695
Additional Information Tenure - Leasehold £350 p/a until end of 2025 then £700 p/a until end of 2030, then goes up by RPI every 5 years starting 2031EPC - CCouncil Tax - AService Charge - £2167.33
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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