1 bedroom apartment

Biwater House, Gregge Street, Rochdale OL10 2DX

Size: sqm

Purchase price

£80,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,300
Ground rent £350
Service charge £917
Net income £5,033
Gross yield 7.88%
Net yield 6.29%

This fantastic property will make an ideal addition to an investors portfolio, being sold with a tenant in situ until July 2024 generating an impressive NET yield of 6.29%. The ground floor apartment consists of an open plan living area, modern fully fitted kitchen with integrated appliances, double bedroom and stylish bathroom with three-piece suite with shower over bath. Residents of the modern development have the benefit of a designated parking space, additional guest parking, secure intercom entry system and a lift.

Biwater House sits in a popular area of Heywood, in the Metropolitan Borough of Rochdale, Greater Manchester. It is conveniently situated to access Heywood Town Centre which is just a 20 minute walk and positioned just off of Manchester Road which leads to the M62 which is ideal for convenient transport links to Manchester, Leeds, Sheffield and beyond. The area also boasts plenty of open green space including public parks, Cheesden Valley, the River Roch and Healey Dell.

Heywood is one of the UK’s major distribution industry hubs, one in five logistic business within Greater Manchester are based in the borough of Rochdale employing over 27,000 people which will inevitably drive the demand for rental properties in the nearby area. The area is also a brilliant location to invest for capital appreciation, with house prices in Heywood skyrocketing by 24% since 2019 and up 6% in the last year alone (Rightmove).

In addition to this, exciting developments are underway for the region in the form of Atom Valley, which will offer world-class facilities for research and innovation, have the potential to accommodate 1.6m square meters of new employment space, create around 20,000 jobs and deliver 7,000 new homes. This will be supported by substantial investment in transport and infrastructure and will provide a welcomed economic boost to the borough.

ATTENTION INVESTORS - EARN IMMEDIATE INCOME ON THIS BUY-TO-LET INVESTMENT! A modern one bedroom ground floor apartment tenanted until July 2024 yielding an impressive 6.29% NET, don't miss out and enquire now.

Interested in this property? Enquire today for more information

Key features

Key features

Buy-to-let investment

Key features

Tenanted until July 2024

Key features

6.29% NET yield

Key features

One double bedroom apartment

Key features

Located on the ground floor

Key features

Popular development

Key features

Fully-fitted kitchen and modern bathroom

Key features

Allocated parking

Key features

Secure intercom entry and lift access

Key features

Excellent location

ATTENTION INVESTORS - EARN IMMEDIATE INCOME ON THIS BUY-TO-LET INVESTMENT! A modern one bedroom ground floor apartment tenanted until July 2024 yielding an impressive 6.29% NET, don't miss out and enquire now. More info...

This fantastic property will make an ideal addition to an investors portfolio, being sold with a tenant in situ until July 2024 generating an impressive NET yield of 6.29%. The ground floor apartment consists of an open plan living area, modern fully fitted kitchen with integrated appliances, double bedroom and stylish bathroom with three-piece suite with shower over bath. Residents of the modern development have the benefit of a designated parking space, additional guest parking, secure intercom entry system and a lift.

Biwater House sits in a popular area of Heywood, in the Metropolitan Borough of Rochdale, Greater Manchester. It is conveniently situated to access Heywood Town Centre which is just a 20 minute walk and positioned just off of Manchester Road which leads to the M62 which is ideal for convenient transport links to Manchester, Leeds, Sheffield and beyond. The area also boasts plenty of open green space including public parks, Cheesden Valley, the River Roch and Healey Dell.

Heywood is one of the UK’s major distribution industry hubs, one in five logistic business within Greater Manchester are based in the borough of Rochdale employing over 27,000 people which will inevitably drive the demand for rental properties in the nearby area. The area is also a brilliant location to invest for capital appreciation, with house prices in Heywood skyrocketing by 24% since 2019 and up 6% in the last year alone (Rightmove).

In addition to this, exciting developments are underway for the region in the form of Atom Valley, which will offer world-class facilities for research and innovation, have the potential to accommodate 1.6m square meters of new employment space, create around 20,000 jobs and deliver 7,000 new homes. This will be supported by substantial investment in transport and infrastructure and will provide a welcomed economic boost to the borough.

  • Key features
    Tick Desktop Buy-to-let investment
    Tick Desktop Tenanted until July 2024
    Tick Desktop 6.29% NET yield
    Tick Desktop One double bedroom apartment
    Tick Desktop Located on the ground floor
    Tick Desktop Popular development
    Tick Desktop Fully-fitted kitchen and modern bathroom
    Tick Desktop Allocated parking
    Tick Desktop Secure intercom entry and lift access
    Tick Desktop Excellent location
  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £6,300
Ground rent £350
Service charge £917
Net income £5,033
Gross yield 7.88%
Net yield 6.29%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.