This property is no longer on the market
Studio
Key information
Property description & features
- Tenure: Leasehold
- Ideal Investment Opportunity
- Low Market Price
- Studio Apartment
- Sought After Location
- Gross Yield of 11.56%
- Rental Amount of £385 pcm
- Tenant in Situ
Welcome to this studio apartment located in the highly sought-after area of Willerby. This small yet convenient property is ideal for individuals seeking a compact living space with all the necessary amenities.
Upon entering the apartment, you are greeted by an entrance hallway, following to the compact kitchen area equipped with wall and base units, as well as a fitted oven, hob, and extractor fan.
The living/bedroom area of the apartment is surprisingly spacious and boasts a neutral decor theme, with white walls and a complementing grey carpet. This versatile space allows for comfortable living while also offering flexibility for various furniture arrangements.
Additionally, a cupboard within the apartment has been cleverly designed to serve as a utility space, providing storage and fittings for a washing machine.
The bathroom in this studio apartment features a unique touch with glass brick, adding a delightful feature to the space while allowing natural light to filter through. It comprises a toilet, sink, and a convenient shower cubicle.
In addition to its appealing features, this studio apartment in Willerby offers the added convenience of an allocated parking space.
Investors will be pleased to know that this property has a rental value of £350 per calendar month (pcm), resulting in an attractive gross yield of 10.51%. This property presents itself as the ideal investment opportunity, particularly for those who are new to the property investment industry. With its low cost and high yield potential, it offers a compelling proposition for individuals seeking to enter the market.
Leasehold Property
Ground Rent: £200 pa
Service Charge: £1066 pa
115 years left on the lease.
EPC rating: B. Tenure: Leasehold,
Rooms
Disclaimer Not provided
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.
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OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on June 15, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on June 15, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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