£170,000
2 bed flat for sale
Ordsall Lane, Salford M5Leasehold
2 beds
1 bath
1 reception
EPC Rating: B
Key information
Tenure
Leasehold (241 years)
Service charge
£1,338 per year
Council tax band
C
Ground rent
£300
Ground rent date of next review
About this property
***investors only***
EWS1 form in Place
Tenanted Investment Opportunity
8.21% net Yield
Third Floor Apartment
Two Double Bedrooms
Allocated Parking for One Car
Communal Roof Terrace and Gardens
Highly Desirable Location
Excellent Transport Links
With a purchase price of £170,000 and an impressive 8.21% net yield, this property stands as a remarkable investment opportunity.
Upon entering the apartment, you are greeted by a beautifully designed open-plan living space that seamlessly combines the kitchen, dining, and living areas. The kitchen is a chef's dream, boasting ample storage across a range of stylish wall and base units. Equipped with an integrated oven, hob, extractor fan, fridge, freezer, and sink, alongside a freestanding washer/dryer, the kitchen is as functional as it is chic. The laminate flooring adds a contemporary touch, making the kitchen area a true centerpiece of the home.
The dining and living areas are equally inviting, offering a perfect blend of comfort and style. The space is enhanced by a double-glazed window with blinds, allowing natural light to flood in while maintaining privacy. The carpeted flooring and electric heating ensure a warm and cozy atmosphere, ideal for relaxing or entertaining guests.
Bedroom One is a spacious double bedroom, furnished with a double bed, wardrobe, chest of drawers, and a bedside table. The double-glazed window with blinds provides a serene view, while the carpeted flooring and electric heating add to the comfort of this elegant retreat.
Bedroom Two mirrors the style and comfort of the first bedroom, also featuring a double bed, wardrobe, chest of drawers, and bedside table. The room is illuminated by natural light through the double-glazed window with blinds, and the carpeted flooring combined with electric heating ensures a snug and welcoming environment.
The bathroom is a sanctuary of relaxation, featuring a shower over the bath, a toilet, a wash hand basin, a heated chrome towel rail, and a mirror. The tiled finish throughout adds a touch of luxury, making every bath a spa-like experience.
Residents of Bridgewater Point benefit from access to a communal roof terrace and garden, offering stunning views and a serene escape from the hustle and bustle of city life. Furthermore, the property comes with allocated parking for one car, providing added convenience in this vibrant urban setting.
This stunning apartment in the Bridgewater Point development is not only a beautiful home but also a sound investment. With its exceptional design, modern amenities, and prime location, it promises a lifestyle of comfort and sophistication, making it an ideal choice for discerning buyers
Open Plan Living (7.32m x 3.86m (24'0" x 12'8"))
Open plan living containing kitchen, dining and living area. Kitchen offers ample storage across a range of wall and base units, integrated oven, hob, extractor fan, fridge, freezer, sink, and freestanding washer/dryer and laminate flooring and the dining and living area offers space for a dining and living area, double glazed window with blinds, electric heating, and carpeted flooring
Bedroom One (4.85m x 2.69m (15'11" x 8'10"))
Bedroom One is a double bedroom with with double bed, wardrobe, chest of drawers, bedside table, double glazed window with blinds, carpeted flooring, and electric heating
Bedroom Two (4.24m x 2.69m (13'11" x 8'10"))
Bedroom Two is a double bedroom with with double bed, wardrobe, chest of drawers, bedside table, double glazed window with blinds, carpeted flooring, and electric heating
Bathroom
Bathroom with shower over bath, toilet, wash hand basin, heated chrome towel rail, mirror and tiled throughout
Parking
Allocated Parking for 1 Car
Communal Gardens
Communal roof terrace and gardens
Lease Information
Lease Term:- 250 years beginning on and including 1 January 2015
Lease Remaining:- 241 Years Remaining
Ground Rent:- £300pa
Service Charge:- £1,337.88pa
Council Tax:- Band C - £2,066pa
Financial Breakdown
Rental Income:- £1,300pcm - £15,600pa
Ground Rent:- £300pa
Service Charge:- £1,337.88pa
net Yield:- 8.21%
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More information
Listed by
The Agency UK
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