Scholars Way, Brook Street, Bury, BL9 6DN

Offered for sale at £120,000, this two bedroom apartment at Eden Court, 10 Scholars Way, Bury, sits behind an excellent EPC rating of B and comes with a tenant already in place and fully up to date on rent, a genuine turnkey buy-to-let with income from day one.

The apartment benefits from a long 979-year lease, removing any concerns over lease length that can affect mortgageability or resale, alongside a modest ground rent of £175 per annum and a service charge of £1,748.48 per annum.

The current passing rent is £800 pcm (£9,600 per annum), reflecting an 8.00% gross yield at the asking price. Comparable lettings within the same development support potential rental income of up to £950 pcm (£11,400 per annum), which would take the gross yield to 9.50%, or a net yield of 7.90% after ground rent and service charge.

This is a rare chance to acquire an established, income-producing asset in a well-regarded development, backed by comparable sales and rental evidence from within Eden Court itself. Early viewing is strongly recommended.

Key Facts:

Two bedroom apartment

Leasehold - 979 years remaining Ground rent: £175 per annum Service charge: £1,748.48 per annum EPC rating: B Tenant in situ, rent up to date, £800 pcm Potential rent up to £950 pcm