Summary - 8, Jubilee Court, Grimshaw Street WA3 3DW
2 bed 1 bath Flat
Immediate rental income with long lease and commuter convenience.
Tenant in situ paying £600 pcm, approx 9% gross yield
A practical buy-to-let in Golborne, this two-bedroom first-floor apartment is offered with a tenant in situ paying £600 pcm, producing around a 9% gross yield at the asking price. The long lease (over 900 years) and below-average service charge make ownership straightforward for investors seeking predictable running costs.
The apartment has a sensible layout with a spacious lounge/diner, fitted kitchen with oven and hob, and a modern bathroom. Allocated off-street parking and an EPC C rating strengthen rental appeal for commuter tenants, aided by quick access to the M6 and East Lancashire Road.
Important considerations: the property is small (577 sq ft) and currently needs renovation, so some investment will be required to maximise capital growth or command higher rents. Heating is by electric storage heaters and broadband speeds are reported slow — both may limit appeal to some prospective renters and should be factored into running costs and upgrade plans.
Overall this is a low-maintenance, long-lease investment with immediate rental income and clear potential to improve value through cosmetic and service upgrades. It suits buyers focused on yield and easy management rather than those seeking a turnkey family home.
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