4 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold
- Four Bedrooms
- En Suite Bedrooms
- Communal Lounge/Kitchen
- Central Location
- Students Only
- Close to campus
Internally, the property is accessed via the staircase or lift. As you enter the property, you will find a corridor providing access to all four ensuite bedrooms and the kitchen/dining area.
The kitchen/dining area comprises of a range of integrated and free standing appliances with wall and base units catering for all storage needs. This space includes a storage heater, two UPVC double glazed windows and laminate flooring. A breakfast bar and space for furniture completes this space.
Each of the four bedrooms vary ever so slightly in size. They all come complete with a 3 piece ensuite comprising of an shower with extractor fan, storage heater, low level WC and wash hand basin.
The property management company oversees the maintenance of the building and handles various administrative tasks, including setting rents, service charges, rent collection, and distributing rental income. They disburse 40% of the net rental income in October, another 40% in January, and the remaining 20% in April, aligning with the academic year and resulting in a 46-week contract period. Typically, the occupants of the flats are postgraduate students or individuals pursuing master's degrees. These properties are leasehold, with 132 years remaining on the lease.
Annual Rent: (£110.00 x 52 weeks x 4 beds) 22,880.00
Annual Service Charge: (3.01% of total s/c costs) 14,991.78
Net Rent: £7888.22
Net Rental Yield: 4.38%
Rooms
Kitchen / Diner
A fully functioning Kitchen/Dining area comprising of mainly free standing appliances with a mixture of wall and floor base units catering for all storage needs. A breakfast bar and space for furniture completes this sociable space.
Bedroom
Ensuite bedroom comprising of; Storage Heater, UPVC Double Glazed Window, Carpet Flooring, Fitted Desk Space for study. The Ensuite comprises of a shower tray, low level WC and was hand basin.
Bedroom Two
Ensuite bedroom comprising of; Storage Heater, UPVC Double Glazed Window, Carpet Flooring, Fitted Desk Space for study. The Ensuite comprises of a shower tray, low level WC and was hand basin.
Bedroom Four
Ensuite bedroom comprising of; Storage Heater, UPVC Double Glazed Window, Carpet Flooring, Fitted Desk Space for study. The Ensuite comprises of a shower tray, low level WC and was hand basin.
Disclaimer
haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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