yieldit are pleased to bring to the market this luxurious ground floor apartment which consists of two spacious carpeted double bedrooms, a family bathroom and ensuite to the master bedroom, a stylish and modern fully-fitted kitchen complete with appliances and living area with patio doors which open up to the private communal garden. The property is wonderfully presented and well finished throughout and has the additional benefits of a secure communal entrance, entry system with intercom access and allocated parking. <br /><br />Meadowcroft House is a high specification residential development setback from the road in the affluent area of Bamford, Rochdale within Greater Manchester. It is within walking distance of local schools, amenities, restaurants and shops and a just short drive from Rochdale, Bury and Heywood town centres as well as being within commutable distance of Manchester city centre. Construction is underway of a new link road at Junction 19 of the M62, one of the biggest regeneration schemes in the region, which will create a new route from the motorway into the employment area off Pilsworth Road which is expected to create 135,000 square metres of employment space which could result in the creation of 2,800 new jobs and a new primary school which will only attract more people to the area and drive the demand for rental properties. <br /><br />OL11 is a popular area with 508 transactions recorded in the past 12 months, which is 173.2% higher than the national average of 186. In addition to this, the price growth in Rochdale is an impressive 2.3 higher than the national average which makes it an excellent choice of location for property investment (Mouseprice). The average house price in Rochdale, OL11 is £198,230 and the average rent is £916 which means Meadowcroft House, with an anticipated rental income of £675 per month will always be a popular choice! Enquire today and don’t miss out.<br /><br /> Financial Breakdown<br /><br /> Gross rent: £8,100 <br /> Ground rent: £250 <br /> Service charge: £1,053 <br /> Net income: £6,797 <br /> Gross yield: 6.23% <br /> Net yield: 5.23% <br /> <br /> IMPORTANT NOTE TO PURCHASERS: 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 or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.<br /><br /> <br /> <br /> yieldit ref: YL-17454