2 bedroom apartment for sale

  • £525,000
  • 2.9% Rental Yield
  • 74 ALI
The Residences, Scholes Lane, Prestwich
For Sale

2 bedroom apartment for sale

The Residences, Scholes Lane, Prestwich
  • £525,000
  • 2.9% Rental Yield
  • 74 ALI

Overview

Updated on March 18, 2023
  • Property Type
  • 2
  • Bedroom
  • 2
  • Bathroom
    • Sq Ft
  • Year Built

Description

The Residences' provides luxurious living situated within stunning grounds, with secure parking and mature landscaped gardens. Normie are delighted to offer for sale this palatial ground floor garden apartment which is complemented by a superb finish throughout. This restored magnificent Grade 2 Listed Tuscan style villa located in the Sedgley Village area of Prestwich. The building has been divided into five large two bedroom apartments with period style high ceilings, a stunning entrance hall with galleried landing, reproduced decorative features throughout and an original stained glass feature window. The development is set in 2.5 acres of private landscaped parkland, this gated community forms part of an exclusive development - within easy reach of Manchester Centre. The property briefly comprises of entrance lobby lounge, main bathroom, bedroom, second lobby, kitchen/dining room, master bedroom, en suite shower, dressing room, staircase to gallery/study.There are well maintained communal gardens with illuminated walk ways, designated parking space and gas central heating. This apartment also benefits from its own private patio doors leading onto its own patio area which is perfect for summer dining and comes with its own car parking space. An internal inspection is highly recommended as only then can you appreciate the quality and the ambience of this apartment within 'The Residences'.


The vendor informs us the property is Leasehold 999 years with a ground rent of £150 per annum

The management charges are £800 per quarter which include general maintenance, window cleaning, gardening of communal grounds, building insurance, lift maintenance and the maintenance of the electric gates.


EPC Rating: C

Arical Liveability Index

74
Schools
Average
Restaurants
Good
Transport
Good
Services
Good
Groceries
Good
Safety
Good

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Predicted Rental Yield

2.9%

Rental yield is the return a property investor is likely to achieve on a property

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