Top-floor two-bedroom investment with tenant in situ, allocated parking, and long lease in Pendlebury..
Top-floor two-bedroom apartment with allocated off-street parking
Sold with tenant in situ — immediate rental income (£515 PCM)
Compact 609 sqft; good presentation but overall size is small
No lift to third/top floor — access limitation for some buyers
Leasehold with 106 years remaining (suitable for mortgages)
Service charge c. £1,754 pa; ground rent £125 pa — running costs apply
Electric room heaters (no mains gas) — higher running costs possible
Very low local crime, fast broadband, and nearby good-rated schools
This third-floor, two-bedroom apartment in Pendlebury is offered sold with a tenant in situ, making it immediately income-producing for an investor. The block is modern brick-built (c.1996–2002) and the flat benefits from allocated off-street parking, double glazing and fast broadband in a very low-crime neighbourhood. The open-plan reception and well-appointed kitchen provide practical living space within a compact 609 sq ft layout.
Practical considerations are clear: there is no lift to the top floor and heating is by electric room heaters, which can be more costly than mains gas. The property is leasehold with 106 years remaining, an annual service charge of approximately £1,754 and ground rent of £125, all of which will affect running costs and investor calculations. The apartment is described as in good presentation and is suitable for mortgage finance.
For an investor seeking a straightforward, low-management buy with an occupying tenant, this flat offers immediate rental income (currently £515 pcm) and a long lease. The surrounding area is mixed, popular with multi-ethnic professionals and families, close to several well-rated primary and secondary schools, and within a major conurbation offering local amenities and transport links.
Transparent positives and limitations are provided so buyers can assess yield and refurbishment scope. The property is small but well laid out; consider potential uplift from cosmetic updating and improved heating if targeting longer-term rental growth or a future resale to owner-occupiers.
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