If you’re looking to add a low maintenance and high yielding property to your
portfolio, then look no further than this brilliant property. This ground
floor apartment has been refurbished to a good modern standard throughout and
boasts its own entrance and plenty of on street parking. Internally there is a
spacious lounge, fully fitted kitchen, two bedrooms and tiled bathroom with
three - piece suite and shower over bath. To the rear is a lovely garden perfect
for enjoying the summer months.
Central Avenue has huge appeal as a rental property being a short 1. 5 miles to
the city centre and just 2 miles from big employer Wrexham Maelor Hospital.
Wrexham Industrial Estate, which is home to over 340 businesses and creates
employment for over 10, 000 people is also just a 10 - minute drive meaning there
will be a continuous demand for rental properties within this area.
Wrexham city centre has a huge amount to see and do, such as Wrexham Museum,
the new Xplore! Science Discovery Centre, Wrexham Football Club and St Giles
Parish Church. There is a wide selection of restaurants, tearooms and coffee
shops in addition to several markets and the Ty Pawb, a £4. 5 million venue for
arts, cultural and community events, with market, theatre and art gallery.
Wrexham is a fantastic location for property investment. It has a population
around 136, 000 is the fastest growing place in Wales after Cardiff. The
population is expected to grow to around 150, 000, by the late 2030s which will
inevitably increase the demand for property and have a positive impact on
rents and property values, making now the perfect opportunity to invest.
**Financial Breakdown**
Gross rent: £7, 800
Ground rent: £10
Service charge: £788
Net income: £7, 002
Gross yield: 7. 8%
Net yield: 7%
**Important Note To Purchasers**
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general
outline only for guidance, and do not constitute any part of an offer or
contract. Neither Yieldit nor the vendor or lessor accept any responsibility
in respect of these particulars, which are not intended to be statements or
representations of fact and any intending purchaser must satisfy himself by
inspection or otherwise as to the correctness of each of the statements
contained in these particulars.
Yieldit ref: Yl - 07438

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