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Chapel Street, Salford, Salford, M3 1 bed property for sale
Chapel Street, Salford, Salford, M3
£20,000
Chapel Street, Salford, Salford, M3
£20,000
Our Summary
- For Sale – Live/Work Studio Apartment | £20,000 | Net Yield 13%Investment Opportunity – Tenant in Situ – Cash Buyers OnlyCouncil Tax band A + EPC rating BFor Sale – Live/Work Studio Apartment | Tenant in situ | £20,000 | Net Yield 13%A turnkey investment opportunity in Liverpool city centre
- These premium Live/Work studio apartments are fully tenanted and professionally managed, providing immediate rental income for cash buyers
- 1%Summary:This is a turnkey, hands-off investment with a secure tenant, premium furnishings, and full management in place -ideal for cash buyers seeking strong rental returns
Description
This is a live/work studio apartment in Liverpool city centre, fully tenanted and professionally managed, offering a 13% net yield. The property is furnished with a separate bedroom, en-suite bathroom, fully fitted kitchen, and attached study, and includes all bills, Wi-Fi, and 24/7 access to an on-site gym. The tenant is paying £921.43 per month, with a long-term lease secured until 2113. The property has a 999-year lease, with a ground rent of £500 per year and a service charge of £6,741.60 per year. The apartment features double bed, LCD TV, en-suite bathroom, fully fitted kitchen, and attached study, and is not suitable for Airbnb or short-term lets. The location offers excellent transport links and is close to major universities, making it perfect for student tenants seeking premium, self-contained accommodation. The financials show a gross annual income of £11,057 and a net annual income of £2,623, with a gross yield of 55.3% and a net yield of 13.1%.