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Scholes Street, Greater Manchester OL1 1 bed flat for sale
Scholes Street, Oldham, Greater Manchester, OL1
£45,000
Scholes Street, Oldham, Greater Manchester, OL1
£45,000
Our Summary
- 50 per monthThis property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period
- For Sale by Modern Auction – T & C’s apply
- For Sale by Modern Auction – T & C’s apply
- The Modern Method of Auction
Description
This studio apartment is a lucrative investment opportunity, generating £7,200 per year in rental income and offering a 16% net yield. The property features an open-plan living space, a fitted kitchen with a two-ring electric hob, and a separate shower room. It is sold with a tenant in situ and benefits from a secure intercom entry system, lift access, and on-site washer/dryer facilities. The development offers excellent transport connections, making it easy to access Manchester City Centre and surrounding areas. The property is leasehold with 243 years remaining, and the ground rent is £500 per annum, with a service charge of £139.50 per month. The current rental income is £600 per calendar month, and the property is being sold by Modern Method of Auction with a 56-day reservation period.