Guide price
£45,000
1 bed flat for saleScholes Street, Oldham, Greater Manchester OL1
1 bed
1 bath
1 reception
EPC Rating: B
Just added
Chain free
Auction
Leasehold
About this property
For Sale by Modern Auction – T & c’s apply
Subject to Reserve Price
Buyers fees apply
The Modern Method of Auction
Approximately 16% net yield
No chain
The property currently generates £7,200 per year in rental income, delivering an impressive 16% net yield (based on the guide price).
This studio apartment features an open-plan living space that combines the lounge, kitchen, and bedroom area, along with a separate shower room.
The flat is sold with a tenant in situ and includes a fitted kitchen with a two-ring electric hob and sink/drainer. The development offers a secure intercom entry system, integrated fire alarm, lift access to all floors, and on-site washer/dryer facilities. Water bills are included within the service charge.
The property also benefits from excellent transport connections, providing easy access to Manchester City Centre and surrounding areas.
Currently rented at: £600 per calendar month
Annual rental income: £7,200
EPC Rating: B
Council Tax Band: A
Tenure: Leasehold (243 years remaining)
Ground Rent: £500 per annum
Service Charge: £139.50 per month
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.
This studio apartment features an open-plan living space that combines the lounge, kitchen, and bedroom area, along with a separate shower room.
The flat is sold with a tenant in situ and includes a fitted kitchen with a two-ring electric hob and sink/drainer. The development offers a secure intercom entry system, integrated fire alarm, lift access to all floors, and on-site washer/dryer facilities. Water bills are included within the service charge.
The property also benefits from excellent transport connections, providing easy access to Manchester City Centre and surrounding areas.
Currently rented at: £600 per calendar month
Annual rental income: £7,200
EPC Rating: B
Council Tax Band: A
Tenure: Leasehold (243 years remaining)
Ground Rent: £500 per annum
Service Charge: £139.50 per month
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.
More information
Tenure
Leasehold (243 years)
Service charge
£1,674 per year
Council tax band
A
Ground rent
£500
Ground rent date of next review
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