Summary - Gilbert House, Old Coach Road, WA7 1NJ WA7 1NJ
1 bed 1 bath Flat
Ready-made rental with strong 10% gross yield and a long lease for investors.
- One-bedroom top-floor apartment, approximately 506 sq ft
- Offered with existing AST; tenant pays £650pcm (£7,800pa)
- Approx gross yield c.10.4% at asking price
- Long lease: 229 years remaining
- Low service charge (£91pcm) and small ground rent (£100pa)
- Modern build (2003–2006) with double glazing and gas central heating
- Communal unallocated parking and maintained gardens
- Local area classified as deprived; may affect capital growth
A compact one-bedroom top-floor apartment set in a modern waterside development, offered with an existing assured shorthold tenancy producing £7,800pa (approx 10.4% gross yield at the asking price). The flat sits on a long lease (229 years remaining) and benefits from low running costs: modest service charge (£91pcm) and a small ground rent (£100pa). Practical features include double glazing, mains gas central heating, an open-plan lounge/kitchen and a contemporary bathroom.
The development provides secure communal entrance, unallocated communal parking and maintained gardens. Transport and local amenities are convenient — Runcorn Old Town and the main railway station are easily accessible — and broadband speeds are reported as fast, supporting continued rental demand.
Important considerations: the property is sold with sitting tenants under a renewed AST, so immediate vacant possession is not guaranteed. The communal parking is unallocated and the wider local area is classified as relatively deprived, which may affect long-term capital growth prospects. The flat is relatively small (c. 506 sq ft) and best suited to buy-to-let or a first-step purchase for a single occupier prepared to accept the tenancy situation.
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