Chorley, PR7 1HP | Investment Property for Sale | VES-PR7-001

Opportunity to purchase an apartment in Chorley generating £8,340 rent pa & gross yield of 7%

£120,000

Apartment

VES-PR7-001

INITIAL INVESTMENT

£36,100

Based on

deposit: £30,000

stamp duty: £3,600

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£8,340

GROSS YIELD

7.0%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£350

SERVICE CHARGE

£830

2 bedrooms

2 bathrooms

1 reception room

689

Unfurnished

Leasehold information

  • Length of lease: 250 years
  • Year lease started: 2017
  • Years left on lease: 245 years (from 2022)
  • Service charge review period: tbc
  • Ground rent review period: tbc

Property information

  • Located on the second floor
  • The building was redeveloped in March 2018
  • Open plan kitchen/living room
  • 1 x double bedroom with ensuite bathroom and built-in wardrobe
  • 1 x double bedroom
  • Shared bathroom
  • Extra storage in the hallway
  • Utility cupboard in the hallway
  • Allocated parking
  • Lift access to all floors
  • Smart technology/metering systems
  • EPC rating C
  • Council tax band: tbc
  • Monthly rental income £695

Location information

  • The property is located just a short walk from the town centre
  • Many amenities just on the doorstep
  • Chorley railway station can be reached in 10 minutes on foot
  • Junction 8 of the M61 is 1.4 miles away

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Tenancy

RENT

£8,340 p.a. / £695 pcm

TENANCY DEPOSIT

£695

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

5 months ago

TENANCY AGREEMENT ENDS

8/27/2022

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Chorley, Lancashire

Chorley is a town in Lancashire in northwest England. It lies around 8.1 miles north of Wigan, 10.8 miles southwest of Blackburn, 11 miles north-west of Bolton, 12 miles south of Preston and 19.5 miles northwest of Manchester.

The A6 runs through the town centre, connecting Chorley with Luton and Carlisle. The M61 motorway runs to the east of the town connecting it to Bolton and the Lakes. Junctions 6 and 8 serve Chorley. Junction 27 of the M6 also serves Chorley to the west of town, connecting it to Catthorpe Interchange and Gretna in Scotland.

Chorley railway station is located in the town centre and is on the Manchester – Preston Line. There are regular services to Blackpool North, as well as Manchester Airport via Manchester Piccadilly and Hazel Grove.

Chorley and its surrounding area offer a great variety of activities such as Astley Hall, Chorley Theatre, Cedar Farm Galleries, The Anderton Centre, Rock and River Outdoor Pursuits, Rivington Pike, Heskin Hall, Hoghton Tower and Rivington Country Park, to name a few.

Shopping opportunities are provided by the Market Walk shopping centre alongside a mix of smaller unique and independent traders and major high street names. There are several markets held every week too. Every Tuesday stalls are open around the town centre and together with the Covered Market over 100 stall holders sell a great variety of goods. The Covered market operates also on Thursdays, Fridays and Saturdays and there is a special mixed market on Mondays which offers flea market wares alongside regular stall holders. On the second Saturday of the month is a special food and crafts market on Fazakerley Street.

Education is provided by several primary schools as well as six high schools. There are some independent schools outside the borough as well as Runshaw College in nearby Leyland. Lancashire College is based in Chorley and offers a wider range of courses.

The largest employers in the Central Lancashire area are Leyland Trucks and BAE Systems with sites in Leyland and Samlesbury. Other large employers are Telent, FedEx, DXC Technology, Multipart Solutions and Porter Lancastrian.

Saint Thomas's Road,

Chorley,

Lancashire,

England,

PR7 1HP

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All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

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