Summary - Apartment 17 Frappell Court, Central Way, WARRINGTON WA2 7TD
2 bed 1 bath Apartment
Ready-made rental close to station and shops with immediate income.
Top-floor two-bedroom apartment, 635 sq ft, fully furnished
A practical investment in central Warrington, this top-floor two-bedroom apartment is offered with an existing assured short-hold tenancy at £650pcm. At 635 sq ft and fully furnished, the flat is ready for continuation of rental income or easy re-letting. The property is sold via secure online auction bidding; EWS1 form rating B1 is noted.
The location is the principal strength: 0.1km from Warrington Central station, immediate access to shops, restaurants and Cockhedge Shopping Park, and a communal garden for residents. Built around 1996–2002, the building presents contemporary brick-and-glass styling with double glazing and on-street parking.
Buyers should note clear, factual drawbacks: the property relies on electric room heaters rather than mains gas central heating; the area records very high crime and very high deprivation; and parts of the interior show wear and will need maintenance. Annual service charge (£1,644) and ground rent (£261) affect net returns; leasehold tenure has 131 years remaining.
For investors, the current rent produces an approximate gross yield of about 7.4% at the guide price, offering immediate income. For an owner-occupier or someone planning refurbishment, the apartment provides scope to update finishes and potentially improve rental value, but factor in service charges, on-going maintenance and local area issues when assessing long-term prospects.
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