biwater house - symonds – property...

Biwater HouseGregge Street, Heywood, Oldham, OL10 2HD

55 Baker Street London W1U [email protected]+44 (0) 7792 62 9079

Biwater House, Gregge Street, Heywood, Oldham, OL10 2HD

Symonds are delighted to offer this well presented development of 59x apartments consisting of 19x 2 beds and 40x 1 bed apartments located within an recently converted building located in the town of Heywood, North east of Manchester.An excellent development situated close to all local amenities, including shops, cafes, schools, Hospitals. The M62 Motorway is only a short drive from the development.

40x 1 Bedroom Apartment

£60,00019x 2 Bedroom Apartment

£70,000

Gross rental yield

10.5%

Total Purchase Price

£3,730,000

Rental Income£525 pcm - 1 Bed £625 pcm - 2 Bed

£32,875 pcm £394,500 pa

Service Charge£583 pa per apartment £34,420 pa

Ground Rent£350 pa per apartment £20,650 pa

Lease125 Years from 2016

Net rental yield

9.1%ESTIMATED RE-SALE PRICE

£72,000

£85,000Total Purchase Price

£4,495,000

40x

19x

1 Bedroom Apartment

2 Bedroom Apartment


LOUNGE Generous sized living area with window to front and electric radiator.

KITCHEN Fitted with a range of wall and base units with complimentary working surfaces. Stainless steel sink unit. Built in oven, hob and extractor. Fridge freezer. Splash back tiling, and sockets

BEDROOM Window to front and electric radiator.

BATHROOM With modern white suite, panel bath with shower above, pedestal wash hand basin, low level WC, extractor fan.

The property comprises of;, Entrance hall, lounge, kitchen, fridge freezer, built in oven, hob and extractor. A good sized bedroom and a modern bathroom.

1 Bedroom Apartment - Example40Available

Approximate Size; 440 sq ft Furnishing; Unfurnished


LOUNGE Generous sized living area with window to front and electric radiator.

KITCHEN Fitted with a range of wall and base units with complimentary working surfaces. Stainless steel sink unit. Built in oven, hob and extractor. Fridge freezer. Splash back tiling, and sockets

BEDROOM 1 Window to front and electric radiator.

BEDROOM 2 Window to front and electric radiator.

BATHROOM With modern white suite, panel bath with shower above, pedestal wash hand basin, low level WC, extractor fan.

The property comprises of;, Entrance hall, lounge, fitted kitchen, fridge freezer, built in oven, hob and extractor. Two good sized bedrooms and a modern bathroom.

2 Bedroom Apartment - Example19Available

Approximate Size; 550 sq ft Furnishing; Unfurnished


Viewing strictly by appointment

40x 1 Bedroom Apartment

£60,00019x 2 Bedroom Apartment

£70,000

Gross rental yield

10.5%

Total Purchase Price

£3,730,000Net rental yield

9.1%

ESTIMATED RE-SALE PRICE

£72,000

£85,000Total Purchase Price

£4,495,000

40x

19x

1 Bedroom Apartment

2 Bedroom Apartment

Regeneration within the area.

AMBITIOUS plans to shake off an area’s ‘mill town’ image and appeal to a younger generation have been revealed.

Almost 300 flats and houses will be demolished to transform Heywood’s landscape.

More than 1,000 new homes are planned as well as retail units, a new market, new community buildings, opening up green spaces and a relief road to take motorway traffic away from the town.

The 10-15 year plan have been developed since May 2006 as part of a joint partnership plan, Sustainable Urban Neighbourhoods (SUN). The steering group, of community representatives like resident directors, councillors and Heywood Housing Partnership board, know the plans may be unsettling for those whose properties could be demolished but re-iterated that nothing is set in stone.

Chairman of the SUN steering group Malcolm Olive said: “We hope that the community agrees the need for some radical changes, which won’t be easy for those affected by the proposals. However, the steering group recognises this and realises these proposals are needed if Heywood is to develop and grow into a sustainable community for the current and future residents of Heywood.”

The draft plans, developed on behalf of Heywood Housing Partnership, Heywood Township, Rochdale Development Agency, Rochdale Boroughwide Housing and Rochdale Council, are just the beginning of a long process. Township chairman, Councillor Colin Lambert, said: “The SUN plan is a vision in itself and I hope that as many people as possible will get involved in developing it.”


Comparables for SalesThis illustrates where the property will fit into price wise on re-sale;

£80,000This property is for sale and is similar size and spec as the property offered.

See on Rightmove.co.uk

£72,000This property is for sale and is smaller in size and has similar spec compared the property offered.


£63,500This property is for sale and is similar size as the property offered, in need of modernising.


£79,500This property is for sale and is comparable in size

and spec to the property offered.


£69,950This property is for sale and is similar size and spec

as the property offered.


£60,000Purchase Price - 1 Bed

£58,000This property is for sale and is smaller in size with

less spec than the property offered.



http://www.rightmove.co.uk/property-for-sale/property-55156351.html






Comparables for SalesThis illustrates where the property will fit into price wise on re-sale;

£89,995This property is for sale and is similar in spec and size to the property offered.


£74,950

£85,000

This property is for sale and is smaller in size and has similar spec compared the property offered.

This property is for sale and is smaller in size with less spec than the property offered.



£89,950This property is for sale and is very similar in size



£69,950This property is for sale and is comparable in size



£79,995This property is for sale and is very similar in size



£70,000Purchase Price - 2 Bed








Comparables for LettingsThis illustrates where the property will fit into price wise with regards to lettings;

£550pcmThis is a 1 bedroom and is comparable in size and spec to the property offered.


£500pcmThis is a 1 bed and is smaller in size with less spec than the property offered.


£550pcmThis is a 1 bedroom and is similar in spec and size

to the property offered.


£511pcmThis is a 1 bedroom and is similar in size and spec

as the one offered.


£525pcmEstimated Rental - 1 Bed

£575pcmThis is a 1 bedroom and is similar in size and spec to the property offered.


£495pcmThis is a 1 bed with less spec and smaller in size to

the property offered.



http://www.rightmove.co.uk/property-to-rent/property-60628823.html






Comparables for LettingsThis illustrates where the property will fit into price wise with regards to lettings;

£600pcmThis is a 2 bedroom and is smaller in size with similar spec than the property offered.


£625pcmThis is a 2 bed and is comparable in size and spec

to the property offered.


£595pcmThis is a 2 bedroom and is smaller in size with

similar spec than the property offered.


*Disclaimer: The service charge advertised is only an estimate of service charge and is not an exact figure of the service charge applicable for the property or the building and is subject to a formal valuation by a Managing Agent. The Managing Agent will then provide a more accurate service charge budget for the whole of the building which may include any works required. Service charge is also reviewed twice a year and could be subject to increase in accordance with the term of the Lease for the property. The estimate therefore cannot be relied upon.

£695pcm

£650pcm

This is a 2 bedroom and is similar in spec and size to the property offered.

This is a 2 bed and is similar in size and spec to the property offered.



£675pcmThis is a 2 bedroom and is comparable in size and

spec to the property offered.


£625pcmEstimated Rental - 2 Bed








biwater house - symonds – property...

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