Ashworth Court

Property Investment Opportunity: Ashworth Court, Radcliffe, M26 2XZ

## Property being sold with the current tenant in situ ##

We are pleased to present this modern one-bedroom ground floor apartment at 1 Ashworth Court, Radcliffe, offering a fantastic investment opportunity in a sought-after location. With a current rental income of £675 per calendar month (£8,100 per annum), the property is a great addition to any portfolio, providing reliable and consistent returns.

Key Investment Features:

Asking Price: £95,000
Current Rental Income: £675 per calendar month (£8,100 per annum)
Tenant: In situ for 12 months, with a desire to continue the tenancy
Service Charges: Approximately £90 per month (£1,080 per annum)
Ground Rent: £50 per annum
Yield Calculations:

Gross Yield = (£8,100 / £95,000) × 100 = 8.53%

Annual Service Charges + Ground Rent = £1,080 + £50 = £1,130
Net Income = £8,100 - £1,130 = £6,970
Net Yield = (£6,970 / £95,000) × 100 = 7.34%

Council Tax Band:
This property is in Council Tax Band A, ensuring an affordable local tax rate for the tenant.

Summary:
At an asking price of £95,000, this one-bedroom ground floor apartment at 1 Ashworth Court, Radcliffe offers a gross yield of 8.53% and a net yield of 7.34%. The apartment is already generating consistent income, with a long-term tenant in place, making it a low-maintenance, high-return investment. This property is ideal for investors seeking a solid return in a desirable location.