Studio for sale
Key information
Property description & features
- Tenure: Leasehold (42 years remaining)
- Excellent Investment Purchase
- Tenanted with a Yield of 11%
- Studio Apartment
- On Street/Residents parking
- Fabulous tenant in residence
- Quiet Location within popular estate
- Double Glazing
- Fitted Bathroom
- Fitted Kitchen
- Communal Gardens
This fabulous studio flat is located on the ground floor within a communal block of four, tucked away neatly in the corner of this quiet estate.
Perfect property for those wanting a compact simple living space within ease of walking distance to local shops, amenities and schools. This ideal property is also within a few minutes walk to local bus routes into Newcastle City Centre.
Currently tenanted at £375.00 per month with a yield of over 11%
Ideally the tenant would like to remain and comes with glowing references. An investor will inherit a superb tenant having previously been installed and currently managed by Wilson Defraine Lettings.
Council Tax Band: A (Newcastle City Council)
Tenure: Leasehold (42 years)
Ground Rent: £50 per year
Service Charge: £65 per month
Awaiting info
Rooms
Lounge
Communal entrance via timber door into lobby.
4.26m x 2.6m
Internal painted timber door leading directly into studio flat.
Lounge/bedroom with highly polish wood effect laminate to floors which flows throughout the entire property, neutral decor to walls, large window overlooking front elevation, built in storage with pull down concealed bed, 2 x sofas, 2 x pendant light fittings, wall mounted electric fire, television bracket and doorway through to kitchen area.
Kitchen
1.97m x 1.70m
A small but well packed kitchen with a range of handleless cream gloss wall and base units, stainless steel single sink and drainer with mixer tap, double glazed window with full-size opener overlooking communal gardens. Pendant light fitting to ceiling, electricity consumer unit, space for vertical fridge freezer and washing machine, freestanding electric cooker and oak effect polished laminate to floor.
Bathroom
Bathroom is accessed though a small dressing/storage area off lounge/bedroom providing space for drawers, additional storage with hanging available for clothes and other items.
1.97m x 1.38m
Secondary door into bathroom deceptivley generous in size with 3 piece white suite, low level WC, sink with pedestal, bath with shower above and bifold screen to side, hygienic black grain wood effect cladding to walls and hygienic cladding to ceiling, mechanical ventilation and recessed light fitting. Double glazed window to rear elevation and modern vinyl to floors.
Garden
Property is accessed by paved pathway separated by lawned gardens which continue around the perimeter of the site offering an abundance of outdoor space.
Parking
Off street parking is available located in a bay to the front of the property.
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*DISCLAIMER
Property reference RS0973. 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 Wilson Defraine - Westerhope.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 13, 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 January 13, 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: obtained on November 18, 2023 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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