1 bedroom apartment for sale
Key information
Property description & features
- Sold as a tenanted investment
- Current rental income of £7800 pa
- 7.43% gross yield
- Leasehold: 150 years from 2007
- EPC rating C
- Council tax band A
- 1st Floor apartment
- Sold furnished
- EWS1 Compliant: B1 Rating
INVESTMENT INFORMATION
The property is sold with a fixed term tenancy in place. The tenancy term is until July 2024.
The current monthly rental is £650 pcm but has scope to increase on the next renewal or re-let.
The property is rented out furnished to the current tenant.
LEASEHOLD INFORMATION Lease term: 150 years from and including 1st January 2007
We have been advised the following charges apply;
Ground rent £335.98 pa (reviewed every 10 years at RPI next review 2027)
Service charge for 2024 £1,406.43 (includes building insurance)
The development has a valid EWS1 certificate with a B1 rating.
THE PROPERTY The first floor apartment comprises; hallway with storage cupboard housing the hot water cylinder and washing machine. Open plan living area with wood effect laminate flooring throughout, Juliet balcony and electric wall mounted heater. The Kitchen has a range of modern cream gloss units with contrasting worksurface and an integrated electric oven, hob and fridge with freezer compartment.
The bedroom is accessed via a sliding door from the living room and is carpeted with electric wall mounted heater.
The shower room is partly tiled and has a shower unit, hand basin, w.c. and chrome heated towel rail.
Please note some photos are for illustration purposes only and some fixtures, fittings and decoration may differ.
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Broadband availability and predicted speed: obtained from Ofcom on December 24, 2021
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 December 24, 2021
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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 November 29, 2018 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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