Ashworth House is a newly renovated development with a mixture of studio, 1 and 2 bed apartments. These have been finished to an extremely high specification to include integrated appliances.
Opportunity - The units for sale have a 25 Year Guaranteed Rent offered through Yale Housing Association which is a UK Government-backed which has been trading for 20 years and supports vulnerable people in UK’s society through assisted living.
The property is fully maintained by them so any wear and tear is included at no extra cost to the landlord and it includes the white goods, decoration, furniture, building and grounds. Yale pay up to 10% of the investment in rent, which is linked to the consumer price index and increases each year.
There is a three year buy back option that is included at a guarantee of 30% above the price paid.
Units available in this development start from £175,000 with a guaranteed rental income of £18,200 (10.4% Yield), after 3 years the buy back price will be £227,500 - Total profit - £107,100 - 61% or 20.4% per annum.
- Mixture of Studio, 1 and 2-bed Apartments
- Shared underground parking
- Refurbishment completed in 2023
- 1 Lift
- Code entrance Security access
- Electric heating only
- Smoke alarm and/or Carbon Monoxide Monitors fitted
- Windows double glazed and can they be opened
- Tenure: Leasehold
- Lease: 125 years, from 2016
- EPC upgraded by 2025
The development is situated close to all local amenities including schools, Hospitals and the abundance of bars, shops & restaurants the town has to offer.