This property is no longer on the market
1 bedroom apartment
Key information
Property description & features
- Prime Location in Hinckley
- 1 Bed Apartment with Parking
- First Time Buyers / Investors
- No Chain
- Strong Potential ROI
- 999-year lease with 962 years remaining
- Low Service Charge and Ground Rent
- Double Glazed / Gas Central Heating
- EPC C / Council Tax Band A
- Video Tour
Nestled just a short stroll away from the heart of the picturesque town of Hinckley, this buy-to-let gem presents a lucrative investment opportunity for those seeking a hassle-free venture with robust returns. Conveniently situated within walking distance of a plethora of local amenities, including the train station, town centre shopping, supermarkets, leisure facilities, and verdant green spaces, this first-floor apartment in Granville Gardens offers both convenience and comfort.
PROPERTY FEATURES:
Boasting a host of desirable features, this well-maintained apartment comprises a spacious lounge, a separate kitchen, a cosy bedroom, a modern bathroom, and ample built-in storage. With the added perks of allocated parking, double-glazed windows, and efficient gas central heating, the property ensures a comfortable and economical living environment. Furthermore, its commendable Energy Performance Certificate rating of C and Council Tax Band A designation underscore its cost-effectiveness and sustainability.
FIRST TIME BUYERS
Granville Gardens could make an exceptional first rung on the housing ladder for a first time buyer who will appreciate the apartments locale and amenities.
FINANCIAL CONSIDERATIONS:
As an investment property we would estimate a rental income of £625pcm meaning this investment promises lucrative returns of around 8%. A modest service charge of £76.17 per month, coupled with an annual ground rent of £50, ensures seamless management of communal areas and grounds. Moreover, the property's leasehold tenure of 999 years, with an outstanding 962 years remaining, guarantees long-term stability without the need for renewal or extension.
MARKET OUTLOOK:
Capitalize on Hinckley's burgeoning popularity among commuters and families, thanks to its strategic location providing easy access to major cities such as Birmingham, Leicester, Coventry, and London via well-connected roadways and rail networks. Amidst a thriving rental market and favourable trends in Buy-to-Let mortgages, investing in property remains a reliable avenue for long-term stores of wealth and capital appreciation.
Don't miss out on this exceptional opportunity to secure a hassle-free investment with promising returns in Hinckley's vibrant rental market. Contact us today to arrange a viewing and take the first step towards building your investment portfolio.
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*DISCLAIMER
Property reference 102890002527. 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 Tranquility Homes - Anstey.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 21, 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 21, 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 February 9, 2021 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.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.