1 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold
- Reservation Fee Applicable
- T&C's Apply
- Ground floor Studio Flat
- Tenant in Situ
- Rent £425pcm
- Off Street parking
- Sought after Village
- Great first time investment
- Direct access to garden
- 14.5% Gross Yield
*Guide Price £40,000 - £45,000 plus Reservation Fee*
*Investment Opportunity with Tenant in Place*
Seize this outstanding investment opportunity! This property comes with a reliable tenant already in situ, currently paying £425 per month. Nestled in one of East Riding's most sought-after villages, this ground floor flat is a prime choice for local investors or those embarking on their property journey.
*Key Features:*
- *Location:* Situated in St. Lukes Court, this property enjoys a coveted spot in one of East Riding's highly sought-after villages, enhancing its appeal for investors.
- *Tenant in Situ:* Benefit from immediate rental income, as the property is currently occupied by a tenant paying £425pcm, providing a seamless transition for the new owner.
- *Off-Street Parking:* St. Lukes Court offers the convenience of off-street parking, a valuable asset for residents.
- *Studio Layout:* The flat features a well-designed studio layout with a partitioned wall, creating distinct living and bedroom spaces for added functionality.
- *Access to Communal Gardens:* Enjoy access to surrounding communal gardens through the patio door, providing a delightful outdoor space.
- *Fitted Kitchen:* The property includes a fitted kitchen, adding convenience and practicality to the living space.
- *Shower Room:* A well-appointed shower room enhances the flat's overall functionality and comfort.
- *Ample Storage:* Benefit from a large storage space, addressing the need for additional room for personal belongings.
This investment opportunity combines immediate rental income, a desirable location, and practical features. Act now to secure this property with an existing tenant and embark on a fruitful investment journey.
For further details or to arrange a viewing, please contact us.
Disclaimer
Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price & deemed a part of the chargeable consideration when calculating Stamp Duty for the property.
The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.
The Buyer is required to verify their ID & show proof of funds.
Rezee offer additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. Rezee may receive a referral fee for these third party services.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
We are required under Estate Agent's Act 1979 and the Provision of Information Regulations Act 1991 to point out that the client we are acting for on the sale of this property is a 'connected person' as defined by that act.
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*DISCLAIMER
Property reference S863082. 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 Rezee - Hull.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on June 15, 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 June 15, 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 16, 2012 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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