2 bedroom apartment for sale

  • £200,000
  • 9.9% Rental Yield
  • 85 ALI
PARK RISE, TRAFFORD PLAZA
For Sale

2 bedroom apartment for sale

PARK RISE, TRAFFORD PLAZA
  • £200,000
  • 9.9% Rental Yield
  • 85 ALI

Overview

Updated on March 13, 2024
  • Property Type
  • 2
  • Bedroom
  • 1
  • Bathroom
    • Sq Ft
  • Year Built

Description

This 2 bedroom 1 bathroom 2nd floor property is 565sqft in extent and comprises an entrance hall with storage cupboard for washing machine, leading through to an open plan living/ dining & kitchen. There are two double bedrooms that are of a good size, comfortably serviced by a 3-piece house bathroom with shower over bath.

Located only a 5 minute drive from Manchester city centre, close to Trafford Bar Metrolink and convenient for White City Retail Park and Old Trafford Football & Cricket Grounds.

This development does not yet have an EWS1 certification. There may be some mortgage lenders who would be willing to lend on this property, and any purchaser will need to shop around. Ideally suited for a cash sale.

Tenant in situ until 14 December 2024 on a fixed term contract, at £975 per month. Yield: 5.85%.

EPC: C. Certificate valid until 08 November 2027.
Annual service charge: £3,169.64 (Unconfirmed).
Service charge review period: TBC.
Annual ground rent: £250.
Ground rent review period: TBC.
Annual Parking ground rent: N/A.
Parking ground rent review period: TBC.
Leasehold remaining: 243 Years
Local Authority: Trafford Council
Council Tax Band: B.


PROPERTY MISDESCRIPTIONS ACT 1991. For clarification, The Good Estate Agency hereby informs prospective purchasers, that we have not carried out a detailed survey, nor have we tested any of the appliances or heating system and cannot give any warranties as to their full working order. Purchasers are advised to obtain independent specialist reports if they have any doubts. All measurements are approximate and should not be relied upon for carpets or furnishings.

While these particulars are believed to be accurate, they are not guaranteed and do not form a contract. Neither The Good Estate Agency nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 

Arical Liveability Index

85
Schools
Good
Restaurants
Outstanding
Transport
Outstanding
Services
Outstanding
Groceries
Outstanding
Safety
Outstanding

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Predicted Rental Yield

9.9%

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

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