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 2035
-
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
Mala
Buy-to-let investor
“Very good service and easy to use for your BTL journey and the best part is you can do big transactions without any hessle. Highly recommend GetGround services to anyone want to start their BTL journey.”
Ho Chuen
Buy-to-let investor
“The Get ground team is always quick to respond to my queries, both of the UK and HK branches' contacts. I recommend their system and service as a BTL investor.”
Michelle
Buy-to-let investor
“I've had a very streamlined and well supported experience starting a corporation through GetGround. I've been treated exceedingly well and couldn't be more pleased with how it has all come together. I would definitely recommend.”
Meet the team