2 bedroom Flat/Apartment -Park Road, Southport, PR9 9JJ
£125,000
- Fantastic Investment Opportunity
- Gross Rental Returns Of 6.2%
- Being Sold With A Tenant In Situ
- No Vendor Chain
- Excellent Location
- Tenure: LEASEHOLD - Council Tax Band: C
Tenure: Leasehold
Investment Opportunity – Spacious Two-Bedroom Ground Floor Apartment with Sitting Tenant
Excellent Buy-to-Let Investment | Sitting Tenant Paying £650 PCM | Approx. 6.2% Gross Yield
An excellent opportunity to acquire a spacious ground floor apartment with a reliable sitting tenant currently paying £650 per calendar month, providing an attractive gross rental yield of approximately 6.2% from day one.
Situated within a well-maintained development, this generously proportioned apartment benefits from lift access to all floors and briefly comprises a welcoming entrance hall with ample storage, a bright and spacious lounge with access to a private balcony, a fitted kitchen, two double bedrooms, a family bathroom, and an additional shower cubicle within the principal bedroom.
Externally, the development is surrounded by attractive communal gardens and offers residents' parking.
A major advantage of this property is the substantial investment recently made to the building. During the past year, approximately £80,000 has been spent upgrading the communal areas, including a new roof, replacement lift, and extensive external improvements. The current owner's contribution of approximately £10,000 has already been paid, offering buyers peace of mind with no anticipated major maintenance works in the near future.
Ideally located within walking distance of Hesketh Park, Southport Town Centre, local shops, restaurants, supermarkets, and excellent transport links, this property combines strong investment potential with a highly desirable location.
Property Information
Whilst we endeavour to ensure our property particulars are accurate and up to date, they are intended as a guide only and do not constitute or form part of any offer or contract. All descriptions, photographs, measurements and floor plans are provided for guidance only. Floor plans are not to scale and their accuracy is not guaranteed.
We have not tested any services, systems or appliances and are therefore unable to verify their condition or suitability. Prospective purchasers should satisfy themselves as to the accuracy of the information provided through their own inspections and enquiries.
Anti-Money Laundering (AML) Checks
To comply with Anti-Money Laundering Regulations, we are required by law to carry out identity and source of funds checks on all purchasers.
We work with our trusted compliance partner, Coadjute, to carry out these checks. Once your offer has been accepted (subject to contract), they will contact you directly and provide a secure link to complete the required verification online. Coadjute charges a non-refundable verification fee of £45.00 plus VAT (£54.00 including VAT) per purchaser, payable directly to them. These checks must be completed before we are able to issue the Memorandum of Sale.
Stamp Duty Calculator
• This calculation assumes that the purchase of the property will NOT result in owning two or more properties.
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The LTV (loan to value) of this mortgage is 90%.
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