Property Brief
The Property comprises a communal hedged yard to the front elevation, a communal entrance hallway and a further private hallway. An impressively generous lounge with high ceilings, decorative, period coving and deep gauge skirting boards. Two well-proportioned bedrooms, one to the rear elevation/single-story extension. A good-sized kitchen with an arrangement of fitted cabinets, a rear hallway leading to the separate bathroom and WC, 2nd bedroom and rear access to the private garden of which this flat enjoys sole use. The property is centrally heated and double-glazed throughout except for one small timber window to the rear elevation.

Condition Report
The property appears to be in fair structural order with no visible signs of maintenance issues. The internal presentation would benefit from a refresh but on the whole this is a good sized property with potential to increase value with the finish, located on a tree lined road with the beach a few minutes walk away.

Rental Information
Market rent: £600-£650 pcm (dependent on finish)

Leasehold Details
999 years from 31st March 1990

The vendor confirms they pay no service charges.

Annual Ground Rent £10

The seller has information that the Freeholder will relinquish the freehold for the cost of the legal fees. Buyers must rely on their own research to verify this.

Comparables
Although there are no recent, direct comparables, the property is valued at £125,000 - £130,000 in its current condition with scope for improvement.

Compliance
Electrical certificate (EICR): Test date February 2022
Gas safety certificate: Test date October 2024
EPC rating: D (potential C)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £26,250
Stamp duty = £5,250
Broker fee = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £1,890

Total = £35,085

Yield would be 7.1% at market rent.

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.