Summary - 38 RIVERSIDE CLOSE WARRINGTON WA1 2JD
2 bed 1 bath Apartment
Long lease two-bed ground-floor flat with parking and tenant in situ, ideal for investors.
Ground-floor two-bedroom apartment with river outlook
A ground-floor two-bedroom apartment with long lease (163 years) and allocated off-street parking, set on a popular Riverside Close development overlooking the River Mersey. The flat is presented in neutral, modern décor with double glazing and an updated kitchen, ready for immediate occupation or continued rental. Fast broadband and excellent mobile signal suit modern living.
This unit is currently let at £750 pcm, producing an approximate net yield of 7.5% after the service charge of £1,582 per year — appealing for buy-to-let investors. The low council tax band and modest ground rent (£30/year) keep running costs low. The layout includes a bay-window lounge, separate fitted kitchen, one large double and one single bedroom, plus a bathroom with shower over bath.
Be realistic about local context: the area records higher crime levels and falls within a very deprived locality, which may affect future capital growth and tenant profiles. Heating is by electric storage heaters (no mains gas), which can mean higher energy costs. For owner-occupiers, the ground-floor position and riverside walks are attractive; for investors, the tenant in situ provides immediate income but limits vacant possession options.
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