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2 bedroom flat for sale
Carriage Drive, Northwich, Cheshire, CW8
£140,000
Carriage Drive, Northwich, Cheshire, CW8
£140,000
Our Summary
- The property is being sold with the current tenant in situ where there is scope to possibly increase the rental income to bring it in line with the current market rate
Description
This two-bedroom apartment at Eton Court in Hartford, Northwich, is being sold as an investment property with a tenant in situ, offering a rare opportunity to purchase a property with a long healthy lease and low service and ground rent charges. The property comprises an entrance hallway, lounge/diner, kitchen, two bedrooms, family bathroom, en-suite, and wardrobe space, with communal shared gardens and an allocated parking space. The current tenant has been in situ for around three years and is on a rolling contract, providing a stable income stream. With a current rental income of £8,004 per annum, the property offers a gross yield of 5.7%. However, with potential to increase the rental income to £10,200 per annum, the net yield could increase to 6.0%. The property is being sold with a range of amenities, including a managing agent in place, and is available for offers over £140,000.