2 Bedroom Apartment | Ideal Location | Allocated Parking | Leasehold
If you love me, want me and need me quote RA0772. This fantastic 2-bedroom apartment offers modern living with a spacious kitchen/living room, en-suite to the master bedroom, and a bathroom. Perfect for first-time buyers or investors, it boasts allocated parking and well-maintained communal areas.
Key Features:
- Reception Hall with intercom system and two storage cupboards
- Spacious Kitchen/Living Room (2.49m min. x 6.66m max) with double glazing and modern kitchen fittings, including cooker, four-ring electric hob, stainless steel splashback, and plumbing for a washing machine
- Main Bedroom (3.67m max. x 2.71m max) with Juliette balcony offering delightful rear views
- En-suite Shower Room with electric shower and tiled walls
- Second Bedroom (2.67m x 3.35m) with double glazing
- Family Bathroom with electric shower over bath
- Gas central heating and double glazing throughout
- Allocated parking space to the rear of the property
Tenure & Financial Information:
Leasehold for 125 years from 1st January 2006 - 106 Years remaining
Ground rent: £124.34 per half-yearly payment
Service Charge: £1,517.66 per annum (£758.83 paid half yearly)
Council Tax Band B
Buy-to-Let Opportunity:
Purchase Price: £130,000
Monthly Rent: £850
Annual Rent: £850 x 12 = £10,200
Annual Yield: (£10,200 / £130,000) x 100 = 7.85%
With an annual yield of 7.85%, this property represents a fantastic buy-to-let opportunity, ideal for those looking to invest in a prime location with strong rental potential.
Viewing: Strictly by prior appointment via eXp Richard Allen-Zoarder
Additional Notes: The property is approached via a communal entrance hall, with a staircase leading to the second-floor landing. Double-glazed windows throughout ensure a bright and airy atmosphere. The property is conveniently located close to local amenities, making it a great opportunity for those seeking a central, low-maintenance home.
Contact RA0772 at eXp Estate Agency to arrange a viewing today!
RECEPTION HALL: (Inner)
Intercom system, panel radiator, access to roof space, store cupboard with hanging rail and shelf. Further storage cupboard with hanging rail and shelf.
KITCHEN/LIVING ROOM: (Front) 2.49m min. (3.67m max.) x 6.66m
Two panel radiators, four double glazed windows. The kitchen area has a vinyl floor, range of base units with cupboards and drawers, worktops, bowl and a half single drainer stainless steel sink with mixer tap, plumbing for washing machine, cooker, four ring electric hob, stainless steel splashback, cooker hood, storage cupboards at high level, cupboard housing gas boiler, recess for fridge, recessed spotlights to ceiling.
(Rear) 3.67m max. (2.51m min.) x 2.71m max plus recess (2.29m)
Panel radiator, double glazed double doors opening onto Juliette balcony with delightful views to rear. Television point and telephone point. Door opening onto:
0.71m x 2.48m max. into shower cubicle
Vinyl floor finish, double glazed window, w.c. with push button flush, panel radiator, pedestal wash hand basin with mixer tap, shower cubicle with electric shower, walls to shower cubicle tiled to full height, further walls tiled to approximately half wall height, recessed spotlights to ceiling, shaver point, extractor.
2.67m x 3.35m
Panel radiator, double glazed window.
(Inner): 1.62m x 1.84m
Vinyl floor finish, heated towel rail, w.c. with push button flush, pedestal wash hand basin with mixer tap, panel bath, electric shower, recessed spotlights to ceiling, extractor, shaver point, shower screen, walls to shower tiled to full height, further walls tiled to approximately half wall height.
Located to rear. (Highlighted in Pink on the rear view)
We are verbally advised the property is leasehold for a term of 125 years from 1st January 2006 subject to aground rent of £124.34 paid half yearly. There is a clause within the lease that states that the annual rent payable from the 1st day of January Two thousand and thirty for the ensuing twenty-five years and for each subsequent period of twenty-five years of the term shall be determined by a number of factors. In essence the rent payable in respect of the period of twenty-five years following each determination shall be the same proportion of the capital value as the rent payable at the date hereof is of the premium. The agents are in receipt of a full copy of the lease and prospective purchasers can have sight of the lease upon request. The rent review provisions are detailed 7.(a) - (f). The buyer is advised to obtain verification from their Solicitor or Surveyor.
We are advised that the current level of service charge payable for is £1517.66 per annum (£758.83 paid half yearly) Please note this amount is subject to change. The buyer is advised to obtain verification from their solicitor or surveyor.