2 bed Flat For Sale £180,000
** high yielding property- investor opportunity **
An extremely spacious, two bedroom first floor apartment that retains a lot of its character features but requires a slight degree of redecoration and modernisation throughout. The property is marketed at this price as it has a lease of around 67 years as well as an absent freeholder. A management company is currently in the process of being set up and will be functioning upon completion. This opportunity will ideally suit an investor, as once the Management Company has been completed, steps can be taken to acquire the Freehold under the Landlord and Tenant Act which will significantly boost value. Although there is work required, we would expect this property to achieve circa £1,000pcm if presented in good condition, creating a very favourable rental yield of at least 6.5%. The property that is just a few minutes walk to the train station and town centre also offers the rare benefits of it's own garden area and parking to the rear. The accommodation includes; entrance hall, large lounge/diner, fitted kitchen, two bedrooms and bathroom. The property also benefits from sash windows, gas central heating, allocated and visitor parking and a its own rear garden. The flat is also offered with no onward chain.
An extremely spacious, two bedroom first floor apartment that retains a lot of its character features but requires a slight degree of redecoration and modernisation throughout. The property is marketed at this price as it has a lease of around 67 years as well as an absent freeholder. A management company is currently in the process of being set up and will be functioning upon completion. This opportunity will ideally suit an investor, as once the Management Company has been completed, steps can be taken to acquire the Freehold under the Landlord and Tenant Act which will significantly boost value. Although there is work required, we would expect this property to achieve circa £1,000pcm if presented in good condition, creating a very favourable rental yield of at least 6.5%. The property that is just a few minutes walk to the train station and town centre also offers the rare benefits of it's own garden area and parking to the rear. The accommodation includes; entrance hall, large lounge/diner, fitted kitchen, two bedrooms and bathroom. The property also benefits from sash windows, gas central heating, allocated and visitor parking and a its own rear garden. The flat is also offered with no onward chain.
