sold out
CastleView House
Starting From:- £55,000
Number of units:- 14
Completion:- 1st March 2018
Location:-
East Lane, Runcorn, WA7 7DN
United Kingdom
Key Highlights
8% NET rental income assured for 3 years
Already built - Conversion to apartments
Close proximity to Liverpool and Manchester
By train from Runcorn to London 2 hours
Information on CastleView House
14 x Studio Apartment
£55,000
194 x 1 Bedroom Apartment
£65,000
34 x 2 Bedroom Apartment
£80,000
Total Purchase Price
£16,100,000
Gross rental yield
9.8%
Net rental yield
8.0%
Net rental yield is assured for 3 years
Service Charge
- £400 pa - per studio £5,600 pa
- £475 pa - per 1 bed apartment £92,150 pa
- £525 pa - per 2bed apartment £17,850 pa
Ground Rent
- £300 pa per apartment £72,600 pa
Lease
- 125 Years from 2017
ResInvest are delighted to offer these well presented apartments located within this splendid conversion in the area of Runcorn. All apartments are newly built to a high standard in this converted office building.
Castleview House will include parking for every apartment, plus electric gated entry to the site for tenants. A concierge on site service and secure fob entry will also be provided. Operating already is the Butterflies Day Nursery, a 0-5 years childcare business in a separate building on the site grounds. A communal courtyard is available for all apartments.
The fantastic location offers everything Merseyside has to offer on the doorstep including Liverpool John Lennon Airport, Universities and Colleges. The property is within walking distance of the largest shopping centre in Runcorn. Runcorn Shopping Centre, previously known as Halton Lea comprises over 85 shopping units including banks, bakeries, clothing shops, electrical shops and general supermarkets. In addition the adjacent Trident Park includes a huge multiscreen cinema and many other large retail outlets.
The Property Comprises of; Lounge / Kitchen Area, Fridge Freezer, Built in Oven, Hob and Extractor. A Modern Shower Room.
Furnishing: Unfurnished
Living Kitchen
Wall mounted heater and Tv and phone points. To one end is a kitchen with oven, integrated electric hob and extractor with splash backs. Fridge and Stainless steel sink inset to worktop. Ceiling light points. Wall mounted heater. Double glazed windows.
Shower room
Tiled shower cubical with wall mounted shower, low level WC and pedestal hand wash basin. Recess lighting, laminate floor and extractor fan.
The Property Comprises of; Lounge / Kitchen Area, Fridge Freezer, Built in Oven, Hob and Extractor. A Modern Shower Room.
Furnishing: Unfurnished
Living Kitchen
Wall mounted heater and Tv and phone points. To one end is a kitchen with oven, integrated electric hob and extractor with splash backs. Fridge and Stainless steel sink inset to worktop. Ceiling light points. Wall mounted heater. Double glazed windows.
Shower room
Tiled shower cubical with wall mounted shower, low level WC and pedestal hand wash basin. Recess lighting, laminate floor and extractor fan.
Parking
The Property Comprises of; Lounge and Kitchen with Fridge Freezer, Built in Oven, Hob and Extractor. Two Bedrooms and a Modern Bathroom.
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 and electric radiator.
Bedroom 2
Window and electric radiator.
Shower room
Tiled shower cubical with wall mounted shower, low level WC and pedestal hand wash basin. Laminate floor and extractor fan.
Parking
Accommodation Schedule
Ground Floor
| Studio | x5 |
| One Bedroom | x63 |
| Two Bedroom | x12 |
| Total | 80 |
| Parking Spaces | 80 |
First Floor
| Studio | x3 |
| One Bedroom | x67 |
| Two Bedroom | x10 |
| Total | 80 |
| Parking Spaces | 80 |
Second Floor
| Studio | x6 |
| One Bedroom | x64 |
| Two Bedroom | x12 |
| Total | 82 |
| Parking Spaces | 82 |
14 x Studio Apartment
£55,000
194 x 1 Bedroom Apartment
£65,000
34 x 2 Bedroom Apartment
£80,000
Total Purchase Price
£16,100,000
Gross rental yield
9.8%
Net rental yield
8.0%
Comparable For Sales
This illustrates where the Property will fit into price wise on re-sale
Purchase Price - Studio
£55,000
£65,000
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£64,999
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£60,000
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£65,000
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£62,000
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£59,950
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
Purchase Price - 1 Bed
£65,000
£77,950
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£74,995
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£71,000
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£75,000
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£74,950
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£70,000
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
Purchase Price - 2 Bed
£80,000
£77,950
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£97,950
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£94,500
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£99,000
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£94,950
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
£90,000
This property is for sale and is similar size and spec as the property offered.
See online at rightmove.co.uk
House of Commons Library Tackling the under supply of housing in England
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Department for Communities and Local Government Fixing our broken housing market
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The Government Northern Powerhouse Initiative
| Floor | Unit | Unit Type | Parking Bay | Unit Size | Unit Price | Availabilty |
| 1st | 138 | 1 Bed | Yes | 430 | £65,000 | Available |
| 1st | 139 | 1 Bed | Yes | 430 | £65,000 | Available |
| 1st | 141 | 1 Bed | Yes | 430 | £65,000 | Available |
| 1st | 142 | 1 Bed | Yes | 430 | £65,000 | Available |
| 1st | 143 | 1 Bed | Yes | 430 | £65,000 | Available |
| 1st | 145 | 1 Bed | Yes | 430 | £65,000 | Available |
| 1st | 148 | 1 Bed | Yes | 430 | £65,000 | Available |
| 1st | 150 | 1 Bed | Yes | 430 | £65,000 | Available |
| 1st | 151 | 1 Bed | Yes | 430 | £65,000 | Available |
| 1st | 152 | 1 Bed | Yes | 430 | £65,000 | Available |
| 1st | 154 | 1 Bed | Yes | 430 | £65,000 | Available |
| 1st | 156 | 1 Bed | Yes | 430 | £65,000 | Available |
| 1st | 157 | 1 Bed | Yes | 430 | £65,000 | Available |
| 1st | 158 | 1 Bed | Yes | 430 | £65,000 | Available |
| 1st | 160 | 1 Bed | Yes | 430 | £65,000 | Available |
| 2nd | 183 | 1 Bed | Yes | 430 | £65,000 | Available |
| 2nd | 188 | 1 Bed | Yes | 430 | £65,000 | Available |
| 2nd | 190 | 1 Bed | Yes | 430 | £65,000 | Available |
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