6.8%Rental growth
7.2%Cap growth
£1,250Rental income
11.5%Gross yield
£32,500Minimum deposit

Booth Street, Ashton Under Lyne, OL6 7LD

£130,000

Financial snapshot

Costs

Your initial investment 

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Estimated deposit 

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Purchase fees

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Returns

Your total return by 2036

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Annual return 

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Rental growth p.a. 

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Cap growth p.a. 

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Rental income p.c.m. 

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Gross yield 

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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

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Area highlights

Property snapshot

Apartment

517 sq ft

2 Bedrooms

1 Bathroom

Tenure - Leasehold

Ground rent 

£1

Overview

This 2-bedroom apartment block on Booth Street, Ashton-under-Lyne, is listed for £130,000, with an expected annual rent of £15,000 (£625 pcm per unit). The property requires a refurbishment budget of approximately £25,000. It offers a gross yield of 11.6% before refurbishment, which drops to 9.7% after the refurb. The leasehold property has a lease length of 960 years, no service charge, and a peppercorn ground rent. With a total investment of £39,875, this buy-to-let opportunity provides a net annual cash flow of £10,116. The property is located near Ashton-under-Lyne station, making it a solid investment in the area.

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Without a doubt the most efficient way to purchase property via a limited company structure. The service is seamless and efficient whilst being the most cost effective in the market. The staff are always responsive and extremely knowledgable.

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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.

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