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3 bedroom flat for sale
Kennedy Street, Oldham, Greater Manchester OL8
£170,000
Kennedy Street, Oldham, Greater Manchester OL8
£170,000
Our Summary
- We are pleased to offer this property, which has been converted into two separate flats, presenting an excellent investment opportunity
- Investment Potential: Together, both flats are currently generating a total rental income of £1,400 per month (£650 for the studio and £750 for the two-bedroom flat)
- However, there is significant potential for increased rental income, with the possibility of achieving £1,600 per month in total, providing an excellent opportunity for future growth
- At this rental income, the property offers a potential yield of over 11%, making it an attractive proposition for investors seeking a high return on their investment
Description
This property, located in a sought-after area, offers a unique investment opportunity with a leasehold term of 999 years from 1871. The property has been converted into two self-contained flats, a studio on the ground floor and a two-bedroom flat on the first floor. Both flats have been finished to a high standard and are currently generating a total rental income of £1,400 per month. With potential for increased rental income, the property offers a potential yield of over 11%, making it an attractive proposition for investors. The property is in good condition throughout, with modern kitchenettes and bathrooms, and is ideally located, making it an excellent value for money in today's market.