central heaton moor apartment with a 5% yield

Brought to the market yesterday was this fantastic one bedroom apartment on Laurel Road, Heaton Moor.

Offered for sale with Gascoigne Halman for £120,000 the apartment clearly needs improvement to include a new kitchen and bathroom however, due to the size of the apartment, this is likely to be relatively in-expensive.

Once refurbished, the apartment would likely achieve £595pcm. It lends itself to many different types of tenants from a single professional/couple moving for the first time, through to someone looking to downsize. Either way, its a very appealing property to a tenant.

Stamp duty at £120,000 would be approx £3,600 and the service charge is circa £80 per month.

If you would like any help or advice on this, or any other investment opportunity you have seen, please do get in touch.

Anna 🙂

0161 442 1118

annacorrigan@julianwadden.co.uk

Daniel Biddle

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