1 bedroom flat for sale
Key information
Property description & features
- Studio Apartment
- No Onward Chain
- Recently Redecorated
- Allocated Parking
- Return of approximately 7.4%
- Lift Access
- Located On The Second Floor
- Tenant In Situ
- Great Investment Property
A Self Contained STUDIO APARTMENT situated on the ISLE OF PORTLAND.
The Apartment is positioned on the Second Floor with lift access and comprises a studio room and shower room. It has a large double glazed window allowing for plenty of natural light. The accommodation has a large OPEN PLAN feel and includes a modern fitted kitchen with a range of wall and base level units, the flooring is laid to a wooden LVT.
Completing the accommodation is a modern fitted SHOWER ROOM, containing a corner shower cubicle, low-level W.C and pedestal wash hand basin.
The property is situated in Maritime house, ideally positioned at the South of Portland. Nearby, there are pleasant walks along the coast line. The Island of Portland is a pleasant community and nearby Easton Square provides a range of shops and eateries.
The property is offered for sale with NO ONWARD CHAIN and has plenty of parking on site on a 'first come, first served' basis.
The current tenancy in place is a fixed term assured shorthold tenancy, the tenant is currently paying £515.00 PCM. This currently offers a gross yield of just over 7% per annum based upon a purchase price of £85,000.
*Due to the nature of the buildings construction, we advise that this property is only available to cash buyers only.
Living Space - 6 x 4.87 (19'8" x 15'11") -
Lease Information - The vendor has informed us that the property had a 140 Year Lease from 2020.
The Vendor has informed us that the Service Charge currently is circa £550.00.per year (subject to annual spend) : Ground Rent is £1.00 per year : Buildings Insurance is currently £225.00 per year, Plus Council Tax and utilities.
These details should be checked by your solicitor for accuracy.
Additional Information - The following details have been provided by the vendor, as required by Trading Standards. These details should be checked by your legal representative for accuracy.
Property type: Apartment
Property construction: Standard Construction
Mains Electricity
Mains Water & Sewage: Supplied by Wessex Water
Heating Type: Electric Storage Heaters
Broadband/Mobile signal/coverage: For further details please see the Ofcom Mobile Signal & Broadband checker.
Disclaimer - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of
representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. All measurements are approximate. Any details including (but not limited to): lease details, service charges, ground rents, property construction, services, & covenant information are provided by the vendor and you should consult with your legal advisor/ satisfy yourself before proceeding. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
Agent Notes - This property is being sold with a tenant in situ. The current tenancy in place is a fixed term assured shorthold tenancy, the tenant is currently paying £515.00 PCM.
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Property reference 32822646. 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 Hull Gregson Hull - Portland.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 20, 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
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 December 22, 2021
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: obtained on December 6, 2017 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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