Gibson House, Wallasey, CH44 8AX
£160,000
Financial snapshot
Your initial investment
-
Estimated deposit
-
Purchase fees
-
Don't have enough deposit?
Explore how to invest together
Your total return by 2036
-
Annual return
-
Rental growth p.a.
-
Cap growth p.a.
-
Rental income p.c.m.
-
Gross yield
-
Indicative returns are based on historic data - please note past performance is not necessarily indicative of future results and actual returns may differ materially from the returns indicated here
Need a mortgage to finance this property?
GetGround can help!
Mortgages based on the following:
I have a £0 deposit and live in GB
We couldn't find mortgages based on your criteria
Edit details or click below for a more advanced mortgage search.
Area highlights
Property snapshot
Apartment
646 sq ft
2 Bedrooms
1 Bathroom
Tenanted
Tenure - Leasehold
Lease-length
248 years
Ground rent
£1
Service charge
£1,671.00 per year
Overview
This two-bedroom apartment in Gibson House, Wallasey, offers an excellent buy-to-let opportunity with an asking price of £160,000. Currently tenanted, it generates an annual rental income of £9,600, providing a solid gross yield of 6%. The leasehold property has a 248-year lease and incurs a combined service charge and ground rent of £1,672 per annum. With a market rent of £800 per month and a net cash flow of £300 per month, this investment offers stable returns with minimal risk. The apartment is well-positioned, just over a mile from key stations like New Brighton and Wallasey Village, making it an attractive option for renters.
What our customers say about us
Ricky
Buy-to-let investor
“Set up two companies so far to manage two properties via get ground. Very smooth process and have also had the first years accounts done too. Very simple process so far. Great for managing my small property portfolio.”
Matt
Buy-to-let investor
“It has been great dealing with Get Ground. Having worked with them for a number of years now, they have provided a great service to our clients and I wouldn't hesitate to recommend them.”
Tahir
Buy-to-let investor
“Really easy to do business with and get setup. This company is transforming the way companies are setup, business is done and accounts are done/settled. Amazing web site very intuitive! well done getground!”
Meet the team