Booth Street, Ashton Under Lyne, OL6 7LD
£130,000
Financial snapshot
Your initial investment
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Estimated deposit
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Purchase fees
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Your total return by 2035
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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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