Property description

This is an opportunity exclusive to investors or cash purchasers due to restricted lend on residential purchases but if you are in the position to proceed within this criteria this apartment should definitely be at the top of your viewing list! Not only is the property well proportioned and in good decorative order, it also offers very reasonable running costs - There are £0 service charge responsibilities under the terms of the lease and the present owner informs me that the general utility running costs are around £80-£90 monthly!

Factoring a very reserved monthly rental income of £1,050 pcm the estimated yield at the highest end of the set guide price £220,000 - £240,000 would still see a 5,3% annual yield which is above average for the location!

The property also benefits from a car parking space, own front door plus outdoor space by way of external enclosed courtyard!

For the right buyer this could be a very strong purchase to add to your current portfolio and in my opinion from completion day it can immediately offer a return with no remedial works required for upcoming tenants!

For further information or to arrange your viewing please call!

Exterior

Accessed via private road leading to parking facilities, concrete stairway with metal railing leading to metal gate into private courtyard spanning 5.69 x 3.30 m, UPVC double glazed front door with osbcure decorative glass insert.

Entrance Hall

Offering access to all rooms, storage cupboard, fitted carpet, two ceiling lights, coved ceiling, wall mounted electric heater, access to loft space.

Lounge/Diner

Large floor to ceiling double glazed UPVC window to front aspect, fitted carpet, access to kitchen, wall mounted electric heater, two ceiling lights, ornate mantle fireplace with electric feature fire inset, coved ceiling, area recesses to rear flank offering perfect dining table facilities.

Kitchen

Double glazed UPVC window to front aspect, fitted kitchen with an array of both eye and base level units, feature drawers, enclosed extractor hood above space for free standing electric oven, decorative work surfaces with inset stainless steel sink and drainer with mixer taps over and tiled mosaic splashback, space for fridge/freezer, space for dishwasher, lino flooring, ceiling light.

Bedroom One

Double glazed UPVC window to rear aspect overlooking courtyard, wall mounted electric heater, fitted sliding door wardrobe to side flank, fitted carpet, coved ceiling, ceiling light.

Bedroom Two

Double glazed UPVC window to rear aspect overlooking courtyard, wall mounted electric heater, fitted wardrobe with two internal obscure glass window lights, fitted carpet, coved ceiling, ceiling light.

Bathroom

Three piece bathroom suite comprising of low level WC with push fit flush function, pedestal wash hand basin with hot and cold taps over, bath with hot and cold taps over, wall mounted electric shower with shower head and riser rail, shower curtain rail, tiled floor to ceiling, tiled floor, wall mounted electric heater, extractor unit, cupboard offering storage plus space and plumbing for washing machine.

EPC band: E
Amenities

Strong Yield values

Investment or cash purchase

Low running costs

Separate kitchen

Immediate proximity to local transport links and local amenities

Outside balcony space

Own Entrance door

Private car parking space

Healthy Lease in excess of 170 years

£0 service charge