Summary - 37 FLAT 8 CORONATION AVENUE WALLASEY CH45 5EL
2 bed 1 bath Apartment
Affordable rental-ready flat near park and transport, strong immediate yield.
Top-floor two bedroom apartment with allocated parking
Currently let at £720pcm — approx 7.8% gross yield
Chain-free sale; can be sold with vacant possession
Secure entry system; close to Vale Park and New Brighton
Leasehold: service charge approx £1,620 pa and ground rent £150 pa
Solid brick construction; likely no cavity insulation
Average broadband speeds; excellent mobile signal
Located in a deprived area — consider long-term growth risks
A practical two-bedroom top-floor apartment in a quiet cul-de-sac, offered chain-free and ready for immediate investment or occupation. The flat has two double bedrooms, a bright living/dining room with an open kitchen and designated parking right by the building — useful for tenants or first-time owners. Currently let at £720 pcm, the property delivers an attractive gross yield around 7.8% at the asking price.
The building benefits from a secure entry system and sits close to Vale Park, New Brighton and local transport links, putting leisure, shops and schools within easy reach. The block was constructed in the early 20th century with solid brick walls and double glazing; heating is by a mains-gas boiler and radiators. Service arrangements are already in place, with an average service charge and a small annual ground rent.
Important practical points: the home is leasehold with an average service charge of £1,620 and a ground rent of £150, and its solid brick construction likely lacks cavity insulation. Broadband speeds are average and the wider area shows higher deprivation indices, which may affect long-term capital growth. For investors this is a straightforward let-ready asset; for buyers seeking a primary residence it offers an affordable, low-maintenance starter home with scope to modernise where desired.
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