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3 bedroom flat for sale
Kennedy Street, Oldham, Greater Manchester, OL8
£170,000
Kennedy Street, Oldham, Greater Manchester, OL8
£170,000
Our Summary
- Ground Rent: £2 We are pleased to offer this property, which has been converted into two separate flats, presenting an excellent investment opportunity
- Investment Potential: Together, both flats are currently generating a total rental income of £1,400 per month (£650 for the studio and £750 for the two-bedroom flat)
- However, there is significant potential for increased rental income, with the possibility of achieving £1,600 per month in total, providing an excellent opportunity for future growth
- At this rental income, the property offers a potential yield of over 11%, making it an attractive proposition for investors seeking a high return on their investment
Description
This leasehold property, with a term of 999 years from 1871, offers an excellent investment opportunity. The property has been converted into two self-contained flats, a studio on the ground floor and a two-bedroom flat on the first floor. Both flats are well-maintained and feature modern amenities, including a kitchenette and shower room in the studio, and a fully equipped kitchen and family bathroom in the two-bedroom flat. The property currently generates a total rental income of £1,400 per month, with potential to increase to £1,600 per month, providing an attractive yield of over 11%. With its central location and excellent condition, this property is highly recommended for investors seeking a high return on their investment.