portfolio of 6 x 2 bedroom apartments Station Mews, Failsworth portfolio of 6 x 2 bedroom apartments Station Mews, Failsworth

portfolio of 6 x 2 bedroom apartments Station Mews, Failsworth

2 bedroom Apartment for sale

£600,000

  • 2 bedroom
  • 1 bathroom
  • 1 reception

Key Features

  • INVESTMENT OPPORTUNITY
  • 6 SELF CONTAINED APARTMENTS
  • CONVENIENT LOCATION
  • SECURE ELECTRIC GATED DEVELOPMENT
  • PRIVATE PARKING
  • NEXT TO FAILSWORTH TRAM STOP
  • ALL RENTED ON AST'S
  • GENERATING MONTHLY RENTAL INCOME OF £5350
  • RENTAL PORTFOLIO

Description

Communal hallway

Apartment 13

Private entrance, Ground floor, 2 bedrooms, combined lounge & kitchen, 4 piece bathroom suite, storage cupboard in internal hall housing boiler. Allocated parking space, EPC Rating C

Apartment 14

Private entrance, Ground Floor, 2 bedrooms, combined lounge & kitchen, 4 piece bathroom suite, storage cupboard in internal hall housing boiler. Allocated parking space, EPC Rating C

Apartment 15

Communal entrance, First floor, 2 bedrooms, Juliette balcony to lounge, combined lounge & kitchen, 4 piece bathroom suite, storage cupboard in internal hall housing boiler. Allocated parking space, EPC Rating C

Apartment 16

Communal entrance, First floor, 2 bedrooms, 2 x Juliette balconies to lounge, combined lounge & kitchen, 4 piece bathroom suite, storage cupboard in internal hall housing boiler. Allocated parking space, EPC Rating C

Apartment 17

Communal entrance, Second floor, 2 bedrooms, Juliette balcony to lounge, combined lounge & kitchen, 4 piece bathroom suite, storage cupboard in internal hall housing boiler. Allocated parking space, EPC Rating C

Apartment 18

Communal entrance, Second floor, 2 bedrooms, 2 x Juliette balconies to lounge, combined lounge & kitchen, 4 piece bathroom suite, storage cupboard in internal hall housing boiler. Allocated parking space, EPC rating C

Tenure

We have been advised by the vendors that the properties are Leasehold for 999 years from 1/1/2006 with Ground Rent of £225 per year per unit and Management/Service Charges £150 pcm per unit

External

Secure electric gated communal parking area with designated parking

Stamp Duty

Residential property rates
You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property, for example a house or flat.
The amount you pay depends on:
• when you bought the property
• how much you paid for it
• whether you’re eligible for relief or an exemption
Rates for a single property
You pay SDLT at these rates if, after buying the property, it is the only residential property you own.

You will usually pay 5% on top of these rates if you own another residential property.

Rates from 1 April 2025
Property or lease premium or transfer value SDLT rate
Up to £125,000 Zero
The next £125,000 (the portion from £125,001 to £250,000) 2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%
Example
In April 2025 you buy a house for £295,000. The SDLT you owe will be calculated as follows:
• 0% on the first £125,000 = £0
• 2% on the second £125,000 = £2,500
• 5% on the final £45,000 = £2,250
• total SDLT = £4,750


Location


Floorplan


EPC

EPC for portfolio of 6 x 2 bedroom apartments Station Mews, Failsworth

Mcdermott & Co Property Agents - Failsworth Branch

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