Knottingley, WF11 0LE | Investment Property for Sale | VES-WF11-628

Opportunity to buy 1-bed investment property generating £5,940 pa and a yield of 10.1% in Knottingley

£59,000

Apartment

VES-WF11-628

INITIAL INVESTMENT

£27,624

GROSS RENT / YIELD

£5,940 / 10.1%

NET RENT / YIELD

£3,199 / 5.4%

The property

TENANCY

Vacant

TENURE

Leasehold

GROUND RENT

£195

SERVICE CHARGE

£913

1 bedroom

1 bathroom

1 reception room

450

Unfurnished

  • Length of lease: 155 years, start date 2006
  • Expected Rent: £495 pcm; £5,940 pa

Vesta has not visited the property and the marketing material has been provided by the vendor.

Floorplans

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

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£5,940

Equivalent of £495 per calendar month (PCM).

GROSS RENTAL YIELD

10.1%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£3,199

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

5.4%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£2,741

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Knottingley, Wakefield

Knottingley, a town in the metropolitan borough of the city of Wakefield, West Yorkshire. Knottingley is situated about 15.6 miles west of Wakefield and about 20 miles south east of Leeds.

One of the big employers in Knottingley is TK Maxx, with Harris Construction Management and Tangerine Confectionery in Pontefract and Team 17 Digital Ltd and The Harris Partnership in Wakefield.

Cherry Tree Walk,

Knottingley,

West Yorkshire,

England,

WF11 0LE

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