- NO ONWARD CHAIN +
- INVESTOR OPPORTUNITY +
- Current Rent: £675pcm +
- Market Rent: £750pcm +
- Potential Yield: 7.2% +
- Tenant In Situ +
- All Certifications Current / Northwood Managed +
- RESIDENTIAL BUYERS ENCOURAGED +
- Two Bedrooms/ Lounge/ Kitchen/ Bathroom +
- EPC: C (Energy Efficient) +
NO ONWARD CHAIN INVESTOR OPPORTUNITY - Current Rent £675pcm - Gross Yield 6.5% - (Market Rent: £750 - Yield: 7.2%) Fully Tenanted - All Admin and Certifications Current - Under Northwood management - two bedroom flat with lounge, kitchen and bathroom - private parking - communal lawns - 800yds to Ross on Wye Centre - shops, cafes and amenities - RESIDENTIAL INTEREST WELCOME
Ground Floor Front Door - Stairs and Hallway to First Floor - One Double Bedroom - One Good Sized Single Bedroom - Large Lounge - Fitted Kitchen - Bathroom - Double Glazed - Gas Central Heating - Private Parking - Communal Gardens - Property With Tenant In-Situ - All Certifications Current - NO HAND OVER FEES - Agency Managed - ENERGY EFFICIENT EPC: C
Agents Comment
A very attractive Investment Opportunity to take on a nicely located and smart two bedroom flat with long term tenant in-situ. Very solid Gross Yield of 6.5% - immediate rental income once sale completed and no fees to transfer the lettings - although Northwood would love to continue the management. Ideal for Ross centre, it shops, places of work and amenities. Low maintenance. Full rent history available.
Additional Information
The Property is Leasehold
Lease Length: 125 years from 1989 (90 years remaining)
Service Fees: £1,231 per year (normally below £400, but additional funds required for external redecoration - a temporary addition only)
Managing Agent: Connexus
SELLING? WE OFFER FREE MARKET APPRAISALS OR SALES ADVICE MEETINGS WITHOUT OBLIGATION. CONTACT NORTHWOOD ON TO FIND OUT HOW OUR AWARD-WINNING SERVICE CAN GUIDE YOU ON THE BEST WAY TO SELL YOUR PROPERTY.
Stamp Duty: Ensure you understand your Stamp Duty and Land Tax (SDLT) obligations before making an offer.
Residential Properties: Stamp Duty applies to purchases over £125,000 (standard threshold). First-time buyers benefit from an increased threshold of £300,000, provided the property costs £500,000 or less.
Additional Properties: If you’re purchasing a second home or buy-to-let property, a 5% surcharge applies on top of standard rates.
We give notice that these particulars, although believed to be correct, do not constitute any part of an offer of contract, that all statements contained in these particulars as to this property are made without responsibility and are not to be relied upon as statements or representations of fact and that they do not make or give any representation or warranty whatsoever in relation to this property. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify that they are in working order or fit for their purpose, neither has the agent checked the legal documents to verify the freehold/leasehold status of the property. The buyer is advised to obtain verification from their solicitor or surveyor.
To ensure compliance with the latest Anti Money Laundering Regulations all intending purchasers must produce identification documents prior to the issue of sale confirmation. To avoid delays in the buying process please provide the required documents as soon as possible. We may use an online service provider to also confirm your identity. A list of acceptable ID documents is available upon request.
EPC rating: C. Tenure: Leasehold, Service charge description: Includes Buildings Insurance, Buildings Maintenance and Communal Gardens and Parking, Length of lease (remaining): 88 years 3 months,