2 bed Flat For Sale £120,000
*** buy to let investment *** tenant already in place and settled in the apartment *** 6.24% gross rental yield return *** income generating from day one *** purchase with around £35,000 initial investment with the balance on A buy to let interest only mortgage ***
*** top floor apartment *** two double bedrooms *** allocated parking *** open plan living room and kitchen ***
This apartment is currently tenanted on a standard AST (Assured Shorthold Tenancy) until November 2021 at an agreed rent of £650 pcm. For that reason, the property is only available to property investors looking to acquire a btl (Buy To Let) investment property. The current rent means that this property returns a very healthy 6.24% pa gross yield return which could be improved even further if purchased using a btl mortgage of up to 75% of the purchase price.
This apartment is a purpose built two bedroom top floor apartment in a block of just six apartments with allocated parking and on the edge of the popular Middlemore development and adjacent to open countryside.
Using a btl mortgage, an investor could purchase this great investment with around a £35,000 cash investment with the balance amount taken on an interest only mortgage. This is an excellent chance to easily acquire a hands off investment that is income generating from day one due to having an existing tenant who is already settled in the property.
The property in more detail comprises of an entrance hall, lounge with semi open plan kitchen, two bedrooms and a family bathroom.
The popular Middlemore development is located on the northern tip of Daventry adjacent to Drayton Reservoir and open countryside. The development is well served with a general store and a public house. There is also a regular bus service into Daventry Town Centre which is less than 3 miles away.
The ground rent and service charge on this apartment total around £1,150 pa which is around 30% less than most other purpose built apartments in the Daventry Area
Front Of Block
The apartment blocks comprises of just six apartments across three floors (two apartments per floor) and is set in a cul de sac position in the corner of the popular development of Middlemore and adjacent to open countryside.
Rear Of Block
The apartment block backs onto open countryside and as this property is on the top floor it enjoys far reaching views from all windows.
Hallway
Entrance hall runs through the middle of the apartment giving access to all rooms.
Lounge
Window to the front and side aspect and open plan to the kitchen.
Kitchen
Window to the rear aspect and is fitted with a range of base and eye level units. The kitchen includes a built in oven, hob and hood as well as a free standing washing machine and fridge/freezer which is included in the sale.
Bedroom One
Window to front aspect, built in mirrored wardrobe.
Bedroom Two
Window to rear aspect.
Bathroom
Window to rear aspect. Three piece bathroom suite comprising of a panelled bath with shower over and glass shower screen, low level WC, pedestal wash basin. Extensive floor and wall tiling.
Allocated Parking
The apartment includes an allocated parking to the front of the property. There is also visitor parking available.
Nearby Open Space
The apartment block is adjacent to and overlooks a public open space with mature trees and a picnic bench.
General Information
A 360 degree virtual reality tour is available on this property and physical viewings can be arranged by appointment. Contact graham davidson for more information or to arrange to view.
*** top floor apartment *** two double bedrooms *** allocated parking *** open plan living room and kitchen ***
This apartment is currently tenanted on a standard AST (Assured Shorthold Tenancy) until November 2021 at an agreed rent of £650 pcm. For that reason, the property is only available to property investors looking to acquire a btl (Buy To Let) investment property. The current rent means that this property returns a very healthy 6.24% pa gross yield return which could be improved even further if purchased using a btl mortgage of up to 75% of the purchase price.
This apartment is a purpose built two bedroom top floor apartment in a block of just six apartments with allocated parking and on the edge of the popular Middlemore development and adjacent to open countryside.
Using a btl mortgage, an investor could purchase this great investment with around a £35,000 cash investment with the balance amount taken on an interest only mortgage. This is an excellent chance to easily acquire a hands off investment that is income generating from day one due to having an existing tenant who is already settled in the property.
The property in more detail comprises of an entrance hall, lounge with semi open plan kitchen, two bedrooms and a family bathroom.
The popular Middlemore development is located on the northern tip of Daventry adjacent to Drayton Reservoir and open countryside. The development is well served with a general store and a public house. There is also a regular bus service into Daventry Town Centre which is less than 3 miles away.
The ground rent and service charge on this apartment total around £1,150 pa which is around 30% less than most other purpose built apartments in the Daventry Area
Front Of Block
The apartment blocks comprises of just six apartments across three floors (two apartments per floor) and is set in a cul de sac position in the corner of the popular development of Middlemore and adjacent to open countryside.
Rear Of Block
The apartment block backs onto open countryside and as this property is on the top floor it enjoys far reaching views from all windows.
Hallway
Entrance hall runs through the middle of the apartment giving access to all rooms.
Lounge
Window to the front and side aspect and open plan to the kitchen.
Kitchen
Window to the rear aspect and is fitted with a range of base and eye level units. The kitchen includes a built in oven, hob and hood as well as a free standing washing machine and fridge/freezer which is included in the sale.
Bedroom One
Window to front aspect, built in mirrored wardrobe.
Bedroom Two
Window to rear aspect.
Bathroom
Window to rear aspect. Three piece bathroom suite comprising of a panelled bath with shower over and glass shower screen, low level WC, pedestal wash basin. Extensive floor and wall tiling.
Allocated Parking
The apartment includes an allocated parking to the front of the property. There is also visitor parking available.
Nearby Open Space
The apartment block is adjacent to and overlooks a public open space with mature trees and a picnic bench.
General Information
A 360 degree virtual reality tour is available on this property and physical viewings can be arranged by appointment. Contact graham davidson for more information or to arrange to view.
