Summary - 502 THE WOODLANDS ON STAMFORD, STAMFORD STREET EAST, ASHTON-UNDER-LYNE OL6 6QG
2 bed 1 bath Flat
Sunny balcony and reliable rental income suited to cash investors.
Top-floor two-bedroom apartment with decked balcony and long-range views
This well-presented top-floor apartment combines contemporary finish with immediate rental income, making it a straightforward opportunity for cash buyers. The open-plan living area, large windows and a decked balcony give the flat a bright, modern feel; recently fitted kitchen and bathroom reduce short-term maintenance needs. The property is currently let at £875 pcm until December 2025, offering an established income stream on completion.
Practicalities are clear: long lease (979 years), lift access, double glazing and integrated Bosch appliances all add to the appeal. Running costs include electric room heaters, an average broadband service, a service charge of about £1,560 pa and a small ground rent of £90 pa. The location is in a busy conurbation with low crime figures but sits within a deprived area profile, which is reflected in local market dynamics.
Important constraints: offers are being requested from cash purchasers only and the flat is tenanted until late 2025, so immediate vacant possession cannot be guaranteed. Investors should factor in electric heating running costs and the service charge when modelling net yield. For a buyer seeking a low-work, income-producing apartment with modern fittings and a long lease, this presents good potential; for those needing mortgage purchase or immediate occupation, it is not suitable.
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