Sold subject to contract
  1. Property photo 1 of 14
  2. Property photo 2 of 14
  3. Property photo 3 of 14

£170,000

2 bed flat for sale

Ordsall Lane, Salford M5

  • Leasehold

    • 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

The Agency UK

Logo of The Agency UK
Email agent

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%

Stamp duty calculator

We've updated our calculator to take into account the stamp duty cut announced by the chancellor on 23 September 2022. Read more stamp duty news and how stamp duty works

More information

Listed by

See all recent sales in M5

Property descriptions and related information displayed on this page are marketing materials provided by - The Agency UK. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact The Agency UK for full details and further information.