March 12, 2019
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.
0161 442 1118