1 bedroom flat for sale

IDEAL INVESTMENT OPPORTUNITY - SPACIOUS ONE BEDROOMED APARTMENT WITH PARKING SPACE

This second floor apartment offers spacious accommodation with an entrance hall with security entry phone system, lounge/diner that is open plan through to the kitchen area with breakfast bar, a double bedroom and convenient parking space to the rear. The building is accessed via a large communal hall with secure entry phone access and stairs leading to all floors and outside there are communal grounds and parking.

The property is pleasantly situated on the second floor of this development of purpose built apartments, quietly tucked away from passing traffic on the eastern outskirts of the town.
The property is within a short walk of the town and also offers a bus stop providing a regular daily service into the town centre (about one mile distant) with its wide range of shopping and recreational facilities, etc. The A361 (north Devon Link Road is situated within a few minutes drive leading to The M5 for Parkway mainline station leading to London Paddington and Exeter city airport and city centre.

A potential rental income of approximately £650 per calendar month which offers good return yield of 7.8%.

Communal Entrance - Security entryphone entrance door leading into the communal halls with door and stairs leading to all floors.

Second Floor Landing - A large landing space leading to the entrance door with heater and window to front aspect.

Entrance Hall - Offering security entry phone system, coving, loft hatch leading to attic space, consumer unit, cupboard housing hot water cylinder and doors leading to

Lounge - Redecorated and well presented to offer a box bay windows to front aspect, coving, t.v. point, high efficiency electric radiator, Open Plan through to.

Kitchen - Offering a range of modern fitted units with roll top worksurfaces over and breakfast bar extending into the lounge area, tiled splashback's with single drainer sink unit with mixer tap, coving, storage cupboard, space and plumbing for washing machine and fridge freezer.

Bedroom - A good sized double bedroom, high efficiency electric radiator and window to front aspect.

Bathroom - A white suite comprising of a panelled bath with ornate mixer tap and shower hose attachment over, Mira jump electric shower over, pedestal wash hand basin, low-level w.c., part tiled walls, coving, electric heater.

Leasehold Information - We understand from the seller the property was built in 1992 with a 99 year lease meaning there is now 68 years now remaining. The service charge is approx. calculated at £515.01 half yearly, with £76.96 per annum ground rent approx.

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Outside - Within the communal areas there is residence off road parking to the rear with communal garden areas.

Agent Information - VIEWINGS Strictly by appointment with the award winning estate agents, Diamond Estate Agents

If there is any point, which is of particular importance to you with regard to this property then we advise you to contact us to check this and the availability and make an appointment to view before travelling any distance.

PLEASE NOTE Prior to a sale being agreed and solicitors instructed, prospective purchasers will be required to produce identification documents to comply with Money Laundering regulations, a fee of £10+vat per person is required to verify their identification.

We may refer buyers and sellers through our conveyancing panel. It is your decision whether you choose to use this service. Should you decide to use any of these services that we may receive an average referral fee of £150 for recommending you to them. As we provide a regular supply of work, you benefit from a competitive price on a no purchase, no fee basis. (excluding disbursements).

We also refer buyers and sellers to The Levels Financial Services. It is your decision whether you choose to use their services. Should you decide to use any of their services you should be aware that we would receive an average referral fee of £250 from them for recommending you to them.

You are not under any obligation to use the services of any of the recommended providers, though should you accept our recommendation the provider is expected to pay us the corresponding Referral Fee.