2 bedroom flat for sale

  • £119,950
  • 8.3% Rental Yield
  • 66 ALI
Scholars Court, Collegiate Way, Swinton, Salford, Manchester
For Sale

2 bedroom flat for sale

Scholars Court, Collegiate Way, Swinton, Salford, Manchester
  • £119,950
  • 8.3% Rental Yield
  • 66 ALI

Overview

Updated on March 12, 2023
  • Property Type
  • 2
  • Bedroom
  • 1
  • Bathroom
    • Sq Ft
  • Year Built

Description

CIRCA 5% NET YIELD!
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Mr Investa are pleased to present this two double bedroom ground floor flat, with allocated parking, which is a perfect opportunity for buy-to-let investors.

The property is situated within a quiet development, surrounded by greenery, with a private communal carpark.

Swinton town centre and Clifton Marina are just a short walk away. The property offers easy access to transport links including the train station, bus routes and the motorway network.

The property briefly comprises; two double bedrooms, bathroom, open plan living room and a dining kitchen. Communal gardens and car parking for residents.

Current Rental Income: £650pcm / £7,800 per annum
Service Charge inc. Ground Rent : £1,180 per annum approx.
Lettings Fee 10% + VAT: £936 per annum

NET Income: £5,684 per annum
NET Yield: 4.74%

Leasehold 999 years from 2002

Council Tax Band: B with Salford City Council

NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.

Arical Liveability Index

66
Schools
Good
Restaurants
Average
Transport
Average
Services
Average
Groceries
Average
Safety
Average

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Predicted Rental Yield

8.3%

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

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