North West’s Largest Independent Estate Agent

2 bedroom Flat/ApartmentPark Road, Southport, PR9 9JJ

£125,000

  • Fantastic Investment Opportunity
  • Gross Rental Returns Of 6.2%
  • Being Sold With A Tenant In Situ
  • No Vendor Chain
  • Excellent Location
  • Tenure: LEASEHOLD - Council Tax Band: C
1 Receptions
2 Bedrooms
1 Bathrooms

Tenure: Leasehold

Investment Opportunity – Spacious Two-Bedroom Ground Floor Apartment with Sitting Tenant

Excellent Buy-to-Let Investment | Sitting Tenant Paying £650 PCM | Approx. 6.2% Gross Yield

An excellent opportunity to acquire a spacious ground floor apartment with a reliable sitting tenant currently paying £650 per calendar month, providing an attractive gross rental yield of approximately 6.2% from day one.

Situated within a well-maintained development, this generously proportioned apartment benefits from lift access to all floors and briefly comprises a welcoming entrance hall with ample storage, a bright and spacious lounge with access to a private balcony, a fitted kitchen, two double bedrooms, a family bathroom, and an additional shower cubicle within the principal bedroom.

Externally, the development is surrounded by attractive communal gardens and offers residents' parking.

A major advantage of this property is the substantial investment recently made to the building. During the past year, approximately £80,000 has been spent upgrading the communal areas, including a new roof, replacement lift, and extensive external improvements. The current owner's contribution of approximately £10,000 has already been paid, offering buyers peace of mind with no anticipated major maintenance works in the near future.

Ideally located within walking distance of Hesketh Park, Southport Town Centre, local shops, restaurants, supermarkets, and excellent transport links, this property combines strong investment potential with a highly desirable location.

Stamp Duty Calculator

You will pay
£0
• If you're a first-time-buyer in England, Wales or Northern Ireland, you will pay no Stamp Duty on properties worth up to £300,000
• This calculation assumes that the purchase of the property will NOT result in owning two or more properties.

Mortgage Calculator

Monthly Repayment
£594
The total mortgage is £112,000.
The LTV (loan to value) of this mortgage is 90%.
Contact your local branch if you have any Mortgage enquiries.

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