Property Description
The price is £10,000 below market value.
Located within the residential area of Hyde, this 2 bedroom flat is ideally positioned for access to all local shops, facilities and bus routes.
The property is in close proximity of the neighbouring transport links including the trains, trams and motorway networks.
The accommodation comprises lounge, kitchen, shared bathroom and three bedrooms.
Optional refurb (when the tenant leaves) - Total: £7,700 + VAT
• Boiler service/Gas safe certificate 350
• Electrical certificate/smoke detectors 450
• Painting and decorating 2500
• Carpets 2500
• Various repairs (joinery, electrical etc) 1200
• Project management 700
Current Rent £625 - On-market Potential £825
Current Yield 6.25% - Potential 7.66%
ComparablesRegency Gardens - 2 Bedrooms Flat - Sold for £120,000 on 14/10/2023
https://www.rightmove.co.uk/properties/140889491#/?channel=RES_BUY
Lyme Court - 2 Bedrooms Flat - Sold for £120,000 on 20/12/2023
https://www.rightmove.co.uk/properties/143062292#/?channel=RES_BUY
Newman Street - 2 Bedrooms Flat - Sold for £120,000 on 31/05/2023
https://www.rightmove.co.uk/properties/135528305#/?channel=RES_BUY
Property Particulars
Buy to Let
Leasehold - 135 years
Tenanted - Same tenant for the past 15 years.
Property Details
Property Type
Flat
Bedrooms
3
Bathrooms
1
Estimated Rent
£825
Gross Yield
7.66%
EPC Grade
B
Property Location
53 Regency Gardens, Hyde SK14 4FW, UK