This property is no longer on the market
2 bedroom flat
Key information
Property description & features
- Online unconditional auction
- Excellent rental investment
- Yield of over 9%
- Current rent of £525 pcmx
- Second floor flat
- Electric heating / Upvc Double glazing
- Parking to rear
- EPC Rating C
The property has been let over the years and will be sold with the tenants in situ. The property achieves a rent of £600 per calendar month on a statutory periodic Assured Shorthold Tenancy resulting in a gross yield of over 12% based on the auction guide price, making a great return on investment.
The flat is on the second floor and benefits from electric heating, uPVC double glazing, parking for one vehicle to the rear, and is situated close to the town centre. EPC Rating C
General Information - TENURE: We understand that the properties are leasehold held on a 99 year lease from 24 June 1975, with approximately 52 years remaining. The service charge is £1670 per annum, paid every six months. The ground rent is £40 per annum, charged on 24th June, in arrears.
SERVICES: all mains services are connected but not tested. The telephone is available subject to the appropriate telephone companies' regulations. The agents have not tested any apparatus, equipment, fittings, etc, or services to this property, so cannot confirm they are in working order or fit for the purpose. A buyer is recommended to obtain confirmation from their Surveyor or Solicitor.
LOCAL AUTHORITY: Nuneaton & Bedworth Borough Council
COUNCIL TAX BAND: A
FIXTURES AND FITTINGS: only those as mentioned in these details will be included in the sale.
MEASUREMENTS: the measurements provided are given as a general guide only and are all approximate.
VIEWING: by prior appointment through the Sole Agents.
Communal Entrance - Having entrance doors from Richmond Road and a staircase to the second floor.
Hall - 3.28m x 2.72m (10'9" x 8'11") - Having uPVC entrance door, electric panel heater, built-in double door storage cupboards, laminate wooden flooring and doors to:
Lounge - 3.99m max x 4.83m max (13'1" max x 15'10" max) - Having electric panel heater, uPVC double glazed window and laminate wooden flooring.
Kitchen - 2.06m x 2.39m (6'9" x 7'10") - Having a range of fitted wall and base units with contrasting work surfaces and tiled splash backs, inset one and half bowl single drainer sink with mixer tap, built in oven, four ring hob with integrated extractor hood over, space and plumbing for automatic washing machine, space for upright fridge freezer, tiled floor, PVC clad ceiling and uPVC double glazed window.
Bedroom One - 3.99m x 3.56m (13'1" x 11'8") - Having electric panel heater, laminate wooden flooring and uPVC double glazed window.
Bedroom Two - 2.57m x 1.91m (8'5" x 6'3") - Having electric panel heater, laminate wooden flooring, coved ceiling and uPVC double glazed window.
Bathroom - 2.11m x 2.39m (6'11" x 7'10") - Having a white suite comprising: -low level w.c., pedestal wash hand basin, panelled bath with Triton shower fitment over, fully tiled walls and floor, PVC clad ceiling, extractor fan, obscure uPVC double glazed window and double door airing cupboard housing hot water tank.
Outside - There is a parking area to the rear of the blocks.
Directions - What Three Words: ///elaborate.maps.forget
Viewing - Viewings are strictly by appointment only, please contact the auction department for viewing arrangements
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Property reference 32491648. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Sheldon Bosley Knight - Nuneaton.
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Broadband availability and predicted speed: obtained from Ofcom on June 9, 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
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Mobile phone signal availability and predicted strength: obtained from Ofcom on June 9, 2022
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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: obtained on February 21, 2014 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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