1 bedroom flat for sale

Situated close to Milton Keynes City Centre is this one bedroom apartment, perfect for first time buyers or investment giving good rental returns, currently at 8.67% return. Comprising entrance hall with storage cupboard, living space, kitchen with good storage, bedroom with built in double storage cupboard.

Accommodation

A solid door with obscure glazed panel opens into the entrance hall that has a double storage cupboard and doors to the bedroom, bathroom and sitting room. The sitting room is very light with full width windows. The kitchen has a range of base and eye level storage units, space and plumbing for the washing machine, space for an under counter fridge and freezer above, integrated oven and hob and a storage cupboard.

The bedroom is a good size double bedroom with a built in double wardrobe and the bathroom has a three piece suite comprising a panelled bath, low level WC and wash hand basin.

External to the apartment the seller advises me that there is also an additional, lockable storage cupboard and a parking space.

The flat generates a gross annual income of £11,700. Tenants are in place and have a history of consistent rent payments. The property may offer future rental income and could be considered as an addition to an investment portfolio. The rent will soon be increasing to £1050 per month.

Tenancy Details

The current tenants have lived in the flat for several years and have paid rent on time throughout their tenancy.

Transaction Process
We are asking that the buyer and the seller enter into a reservation agreement to offer a safe and secure transaction as possible for both parties. Details will be provided to any seriously interested buyers.

Lease information
Lease Start Date 
09/07/1989
Lease End Date 
10/07/2114
Lease Term 
125 years from 10 July 1989
Lease Term Remaining 
88 years

The seller advises me that the service charge is £90 per month and no ground rent.

1. MONEY LAUNDERING REGULATIONS - Purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. Please note, with the HMRC Anti Money Laundering regulations, I am obliged to request for the source of any funds when purchasing a property. If in doubt, please see the HMRC guidance for Estate Agents and buying homes
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: I have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: I have not sought to verify the legal title and boundaries of the property and the buyers must obtain verification from their solicitor.
7. In line with regulations and being transparent, I refer clients to Solicitors and Financial Advisors for which I can receive a fee of £200 to £400. You are completely free to choose whoever you wish but these are companies that have provided a good service for my clients.