3 bed flat for sale

Kennedy Street, Oldham, Greater Manchester OL8

Leasehold Information:
Term: 999 years from 29 September 1871.
Ground Rent: £2

We are pleased to offer this property, which has been converted into two separate flats, presenting an excellent investment opportunity. The property is in good condition throughout and provides two well-maintained, self-contained units: A ground-floor studio and a spacious two-bedroom flat on the first floor.

Ground Floor - Studio Flat: The ground floor has been converted into a studio flat. The flat features an open-plan layout that maximizes the use of space, with a comfortable living area, modern kitchenette, and a separate shower room. Ideal for a Single occupant preferred or couple, this studio has been finished to a high standard and is currently achieving £650 per month in rent.

First Floor - Two Bedroom Flat: Upstairs, the two-bedroom flat provides generous living accommodation, with two well-sized double bedrooms, and a living room with a fully equipped kitchen, and a family bathroom. This flat is perfect for a small family or professional sharers. It is currently being rented out for £750 per month.

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.

Viewing Highly Recommended: This property is ideally located and offers excellent value for money in today’s market. Given its current condition, rental potential, and attractive yield, we highly recommend arranging a viewing to fully appreciate the opportunity it presents.

Don't miss out on this fantastic investment property-book your viewing today!