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£200,000
1 bedroom Flat for sale, Lockside Lane, Salford, M5
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Features and Description
Attention investors! This superb contemporary 1 bedroom apartment within the renowned Middlewood Locks development offers a perfect 'hassle-free' buy-to-let opportunity in a vibrant location with easy access to Manchester city centre. With a tenancy in place until May 2025 providing an attractive gross yield of over 7%, you'll receive an excellent immediate income. EWS1 form available (B1 rating). EPC Rating B.
5TH FLOOR
Secure communal entrance. The apartment can be accessed via lift or stairs.
Living Area / Kitchen
25'7" x 10'10" (7.81m x 3.29m)
Offering a flexible open-plan layout perfectly suited to modern lifestyles, with plenty of natural light from the Juliet-style balcony overlooking the landscaped communal gardens. Attractive wooden-style flooring, radiator and a utility cupboard with space for a washing machine. The kitchen area features fitted base and wall units, integral electric oven and hob with extractor hood, sink with mixer tap, worktop lighting and recessed ceiling spotlights, integral fridge/freezer and dishwasher.
Bedroom
13'9" x 8'2" (4.18m x 2.50m)
A spacious double bedroom with fitted wardrobes, carpeted floor, radiator and a full-height window with views of the communal gardens.
Bathroom
8'3" x 5'7" (2.52m x 1.70m)
Luxuriously appointed comprising a panelled bath with shower above, wash basin with mixer tap, WC, tiled splashbacks and flooring, mirrored storage cupboards, chrome heated towel rail and recessed ceiling spotlights.
Tenancy Details
An assured shorthold tenancy is in place until 14th May 2025 with a rent of £1200pcm. Vacant possession would not be possible before that date. This offers a very attractive gross yield of 7.2%.
Leasehold / Council Tax
Lease term: 999 years from 1st July 2018.Ground rent: £200 per annum.Service charge: £525.71 for period 01/07/24-30/09/24, equating to an approximate annual figure of £2102.84.Please verify lease details with your solicitor.Council tax band B (Salford City Council)
Agent's Note
To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations. We outsource this check to a third party and a charge will apply. Ask the branch for further details.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Lockside Lane, Salford, M5
Additional Information
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Property refMCC230471
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EPCB
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TenureLeasehold
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Lease length992 years
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Council TaxB
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Local authoritySalford City Council
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Ground Rent£200
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Ground Rent ReviewContact the branch
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Service Charge£2,102
Do you have a property you need to sell?
Reeds Rains Estate Agents Salford Quays
Reeds Rains Salford Quays
2 Anchorage Quay, Salford Quays, M50 3YW
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
Disabled access available
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Monthly payment
£
Borrowing £180,000 and repaying over 25 years with a 2.5% interest rate.
Now you know what you could be paying, book an appointment with our partners Embrace Financial Services to find the right mortgage for you.
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Photos
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Floorplan
Map view
Street view
Living Area / Kitchen
25'7" x 10'10" (7.81m x 3.29m)
Offering a flexible open-plan layout perfectly suited to modern lifestyles, with plenty of natural light from the Juliet-style balcony overlooking the landscaped communal gardens. Attractive wooden-style flooring, radiator and a utility cupboard with space for a washing machine. The kitchen area features fitted base and wall units, integral electric oven and hob with extractor hood, sink with mixer tap, worktop lighting and recessed ceiling spotlights, integral fridge/freezer and dishwasher.
Bedroom
13'9" x 8'2" (4.18m x 2.50m)
A spacious double bedroom with fitted wardrobes, carpeted floor, radiator and a full-height window with views of the communal gardens.
Bathroom
8'3" x 5'7" (2.52m x 1.70m)
Luxuriously appointed comprising a panelled bath with shower above, wash basin with mixer tap, WC, tiled splashbacks and flooring, mirrored storage cupboards, chrome heated towel rail and recessed ceiling spotlights.
The pin shows the exact address of the property
Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
85Potential
85CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs