Freephone: 0800 043 6956 Email: info@freshinvest.co.uk
Fresh Invest
A great price for apartments in an area of regeneration, where tenant demand is very strong! Arnie Chamberlain Sales manager
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New 2 bed apartments in Cheshire
AT A GLANCE
- Just 4 x 2 bed apartments in Cheshire
- New build apartments
- 10 Year NHBC warranty
- 22% discount from list prices
- Marketed at £89,950
- Fresh Invest prices of just £69,995
- Rents at £525 pcm
- Excellent location
- Noted regeneration area
- Good specification from a top developer
In detail
Fresh Invest are happy to bring to market a new build development in Cheshire. We have secured just 4 x 2 bed apartments at a large 22% discount from current marketing prices. The apartments are currently marketed at prices of £89,950 and we have secured purchasing prices of £69,995. Through conversations with local letting agents it seems that rental yields of 9% should be achievable on completion.
All of the apartments are due for full build completion in December this year, leaving plenty of time to find a tenant before completion. As new build properties these apartments will come with a full 10 year NHBC warranty for additional peace of mind.
Financial example:
2 bed apartment at 649sqft - £69,995
- Deposit needed – £20,998.50
- Rent – £525pcm
- Mortgage – £48,996.50
- Mortgage repayments – £154.75pcm
- Ground Rent – £8.33pcm
- Service Charge – £68.33pcm
- Positive cash flow - £293.59pcm (£3,523.08 per year cash flow positive)
This new build development will benefit from a high specification including oven and hob, flooring however is not included, but can be negotiated. The development comprises 202 units in total and is made up of 98 houses and 104 apartments
The Location:
The development is in a great location in Cheshire, with good communications to nearby large cities and a junction of the M53 within a mile of the development. The local train station is within one mile of the site which will prove very popular with the local rental market.Also within 2 miles of this development is the Cheshire Oaks Outlet village offering shopping, restaurants, bowling and bars and nightclubs.
Ellesmere Port has been pinpointed as an area for regeneration, with its good port facilities and large labour pool from it’s industrial past.
The next step
For more information on this investment opportunity, please use the request information tab at the top of the page, we will send through the brochure outlining the opportunity in full.
Once you have decided upon your chosen unit(s) please contact us and we will run you through the quick and easy reservation process.