Cantilever Gardens, Station Road, Warrington
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
Key features
- 10.2% gross / 8% net yield - income from day one
- Tenants in situ, clean arrears record
- Rental upside to 11–12% at next renewal - no capex required
- Long leasehold - 979 years remaining
- Gated development, allocated parking, professionally managed
- M62 corridor - Manchester & Liverpool under 40 mins
Description
Station Road, Latchford, Warrington, WA4 2GU
Asking Price: £90,000 | Leasehold - 979 years remaining | EPC: C
INVESTMENT FIGURES
• Current rent: £765 pcm (£9,180 p.a.)
• Service charge: £150 pcm (£1,800 p.a.)
• Ground rent: £150 p.a.
• Net annual income: £7,230
• Gross yield: 10.2%
• Net yield: 8.0%
The property is let with tenants in situ and a clean arrears record - meaning income begins from day one of ownership.
POTENTIAL RENTAL INCREASE
The current rent of £765pcm sits below the prevailing market rate for the development, where comparable two-bedroom apartments are actively achieving £825–£925pcm. At the next tenancy renewal, there is a realistic opportunity to increase income by £60–£160pcm without any capital expenditure - pushing the gross yield toward 11–12%.
Additionally, a service charge review is scheduled for 1 June, which may result in a reduction and further improve net returns.
PROPERTY INFORMATION
Apartment 37 is a well-presented two-bedroom apartment within Cantilever Gardens, a popular private gated development of 70 modern apartments set along the Manchester Ship Canal. The complex benefits from:
• Electric gated access
• Allocated parking
• Secure communal entrance
• Professionally managed grounds
These features are consistently cited by tenants as key reasons for choosing the development, supporting rental premiums and low void periods.
THE LOCATION
Warrington sits strategically on the M62 corridor between Manchester and Liverpool, one of the most economically active corridors in the UK. The Latchford and Stockton Heath area is particularly sought-after among young professionals and commuters, with Warrington Central station offering:
• Manchester Piccadilly in under 30 minutes
• Liverpool Lime Street in under 40 minutes
• Immediate access to the M62 motorway
This transport connectivity sustains consistent rental demand and minimises void risk for landlords.
IN SUMMARY
At £90,000, this is a rare opportunity to acquire a performing, income-producing asset with an immediate 8% net return, identifiable rental upside, and a long secure lease, in a location underpinned by strong fundamentals.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Cantilever Gardens, Station Road, Warrington
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Visit our security centre to find out moreDisclaimer - Property reference Apartment-37-cantileVER. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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