Property Brief
The property is situated on the first floor with access via a lift or stairwells to all floors. The building looks to be in good structural order with no visible defects. The apartment comprises a large, openplan, lounge-kitchen-diner, A bathroom and two double bedrooms, electric heating and double glazed throughout. The fixtures and fittings are in good condition with carpets to the bedroom, vynil flooring to the living area and ceramic tiling within the kitchen area.
The property benefits from secure, allocated parking. Disabled access to all floors.

Rental Information
Current rent: NA
Market rent £750
Tenancy agreement: currently vacant
Tenancy start date: NA
Tenant info: NA

Leasehold Details 
Managed by RPMS
Leasehold original term: 149 years
Remaining term: 129 Years
Monthly Service Charges: £91.54
Annual Ground Rent: £50 PA

Comparables: Sales, Currently marketed properties. Those sold in 2023 averaged a sale price of £133,500.

Comparables: Rentals

Compliance

Electrical certificate (EICR): Test date October 2020
EPC rating: B (82) Potential B (86)

Council Tax Band: C

Figures

Estimated upfront costs below:

Deposit = £25,000
Stamp duty = £5,000
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £1,800

Total = £33,495

Current yield is 9%

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To speak to our in-house Mortgage Advisor, call the office on 01482 562562 and ask to speak to Jack Newton.