Summary - VICTORIA MILL FLAT 13 HOULDSWORTH STREET REDDISH STOCKPORT SK5 6AR
1 bed 2 bath Apartment
Characterful ground-floor duplex in Victoria Mill — tenant in situ and 7.2% yield with allocated parking..
7.2% advertised gross yield with tenant in situ
Ground-floor duplex with a large 681 sq ft layout
Allocated off-street parking space included
High ceilings, exposed brick and tall windows (mill character)
128 years remaining on the lease (long lease)
Service charge £1,680.72 pa; ground rent £355.31 pa
Electric room heaters only — potentially higher running costs
Area classified as deprived; mixed local school performance
A one-bedroom duplex in the converted Victoria Mill offered with a tenant in situ and an advertised 7.2% gross yield — a clear buy-to-let proposition for investors seeking immediate income. The apartment features high ceilings, exposed brick, tall windows and an open-plan kitchen/lounge that capture the industrial character of the conversion while providing a light, airy living space.
Practical positives include an allocated off-street parking space, a long lease (128 years remaining), double glazing and fast broadband connectivity. The layout includes a large double bedroom, a modern fitted bathroom plus a separate WC, and the overall footprint is a generous 681 sq ft for a one-bed duplex.
Costs and local context are important: the property is leasehold with an annual service charge of £1,680.72 and ground rent of £355.31. Heating is by electric room heaters (no gas central heating), which can mean higher running costs compared with gas-heated homes. The immediate area is classified as deprived with mixed school Ofsted outcomes; however, the crime rate is recorded as very low and the location benefits from excellent mobile signal and fast broadband — helpful for tenants.
This is a straightforward income property with characterful mill features and long lease security. Investors should factor in service charges, electric heating running costs and the local area profile when assessing net returns.
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