Summary - Blackpole Road, Bridgewater House Blackpole Road, WR4 WR4 9FH
1 bed 1 bath Apartment
Immediate rental income with long lease and allocated parking.
Tenant in situ achieving £795 pcm
A compact one-bedroom apartment in Bridgewater House offered with a tenant in situ, presenting immediate rental income for investors. The property was built in 2016, benefits from an allocated off-street parking space and integrated kitchen appliances, and achieves £795 pcm rent, making it a straightforward let in this development.
The sale is by the Modern Method of Auction and requires completion within 56 days of the buyer’s solicitor receiving the draft contract. Buyers must allow for auction-associated costs including a non-refundable Reservation Fee and possible additional fees; these are payable on top of the purchase price and affect total transaction costs.
Important practical notes: heating is by electric room heaters and the EPC is rated D, which may affect running costs and tenant expectations. The area is classified as deprived with average crime levels; while broadband and mobile signal are strong, buyers should consider local market conditions and potential management overheads.
Overall this is a clear income-led purchase: long lease (115 years), tenant in place, and a high gross yield. It will suit buyers seeking immediate cashflow who are comfortable managing an investment in a working urban neighbourhood and who budget for auction costs and possible future energy-efficiency improvements.
1 bedroom apartment for sale in Blackpole Road, Bridgewater House Blackpole Road, WR4 — £85,000 • 1 bed • 1 bath • 484 ft²
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