Summary - Apartment 37 Lock, 3, The Decks WA7 1GG
2 bed 2 bath Apartment
Two-bedroom buy-to-let with waterfront outlook and immediate rental income.
Fifth-floor apartment with views over Manchester Ship Canal and River Mersey
Let on AST at £760 pcm — immediate rental income
Approximate gross yield ~14.0% at guide price £65,000
Allocated off-street parking; lift and secure intercom entry
Service charge approx. £613.83 quarterly; annual ~£2,455.32
Leasehold: c.106 years remaining; ground rent £125 per year
Electric room heaters only; no gas central heating
Very high local crime and very deprived area — affects demand
A fifth-floor, two-bedroom apartment with elevated views across the Manchester Ship Canal and River Mersey, offered for sale by online auction. The property is currently let on an Assured Shorthold Tenancy at £760 pcm, providing immediate rental income and a strong gross yield (approximately 14.0% based on the guide price). Allocated parking, lift access and secure intercom add practical appeal for tenants and investors.
The layout is open-plan with a main bedroom plus en-suite, second bedroom and a main bathroom. The building is modern (circa 2003–2006) and double-glazed; the EPC is C. Service charge and ground rent apply (approx. £613.83 quarterly; ground rent £125 pa) and the lease has around 106 years remaining—suitable for buy-to-let ownership but note ongoing costs.
Known issues and local context are important: the area shows very high crime statistics and very high deprivation, which can affect lettings and resale. Heating is electric room heaters rather than gas central heating; there are signs of dated decor and potential damp in the living room that may need attention. The apartment is sold with tenants in situ and will be offered at online auction on 3 December 2025 unless sold prior.
This is a clear opportunity for a lettings-focused buyer seeking immediate income and a high gross yield. Factor in service charges, local market conditions and some remedial works when assessing long-term returns and asset growth potential.
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