Inviting offers between £100,000 - £110,000

Property Brief
Lift Access to all floors, the apartment itself comprises an entrance hallway, generous lounge, spacious dining kitchen, family bathroom one double bedroom and one well proportioned single bedroom. Secure, gated, allocated parking.

Condition Report
There are no visible structural issues with the building, the apartment itself would benefit from a cosmetic refresh in areas. 
Electric heating throughout, double glazed. 

Rental Information

Current rent: £600 PCM
Market rent: £750 PCM
Tenancy agreement: AST
Tenancy start date: 30-06-2020
Tenant info: Working professionals

Leasehold Details
Managed by RPMS
Leasehold original term: 149 years
Remaining term: 129 Years
Monthly Service Charges: £91.54
Annual Ground Rent: £50 PA

Comparables
Sales: Currently marketed properties. Those sold in 2023 averaged a sale price of £133,500.

Rentals

Compliance
Electrical certificate (EICR): 30-04-2020
EPC rating: C (74) potential B (83)
Council Tax Band: C

Figures

Estimated upfront costs below:

Deposit = £25,000
Stamp duty = £5,000
Broker fee = £495
Solicitor fee (Est.) = £1,200

Total = £31,695

Current yield is 7.2% (or 7.9% at market rent and accounting for lease costs).

Buyer Disclaimer - https://bit.ly/3CzncNu

To speak to our in-house Mortgage Advisor, call the office on 01482 562562 and ask to speak to Jack Newton.