Summary - FLAT 25, THE GRANGE, 506, OLD CHESTER ROAD CH42 4PE
2 bed 1 bath Serviced Apartments
Immediate income in a low-maintenance modern block near Birkenhead.
- Currently rented for £400 per calendar month (income-producing)
- Long lease: 999 years from Jan 2006 (approx. 980 years remaining)
- Service charge £1,080 pa; ground rent £200 pa
- EPC rating B; gas central heating and double glazing
- Shared garden area and communal unallocated parking
- Located in a very deprived area; consider demand risk
- Comparable local value quoted at £85,000; potential upside
- Average local crime statistics; urban setting
This two-bedroom serviced apartment is presented as a straightforward investment in a modern brick-built development on Old Chester Road. Currently let for £400 pcm, it offers immediate rental income and low-maintenance communal grounds with off-street parking. The long lease (999 years from 2006) and EPC rating B are practical positives for landlords.
The apartment has gas central heating, double glazing and an open-plan living, dining and kitchen area. Accommodation includes two bedrooms and a separate bathroom; communal entrance and stair access reflect typical apartment living. Annual service charge of £1,080 and ground rent of £200 should be factored into net returns.
Location brings good road links into Birkenhead and local amenities within walking distance, but the area is classified as very deprived (outer city hardship / challenged white communities). Crime is average locally; prospective buyers should consider local socio-economic factors when forecasting rental demand or resale.
Priced at £60,000 with comparable properties indicated around £85,000, this unit could appeal to investors seeking a high-yield, low-effort holding. The current tenancy provides immediate income, though future rent growth may be constrained by local market conditions and area deprivation.
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