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Regency Gardens - SECURED - BMV - Tenanted - 3 Bedrooms Flat

53 Regency Gardens, Hyde SK14 4FW, UK

Off Market

£120,000

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

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