1 bed Flat For Sale £85,000
A purpose built Top Second Floor Flat being well situated in the popular and picturesque area of the Old Village. Nearby there is a good selection local Inns and restaurants, the Big Mead Recreation Area and within close proximity is the Town Centre with its many amenities.
The accommodation which has recently been redecorated is warmed by electric heating and benefits from replacement uPVC double glazed windows.
In our opinion, due to the length of the lease remaining, the flat would seem ideally suitable for cash buyer investors and also in our opinion would seem ideal as a rental investment. To fully appreciate the accommodation we would recommend an internal viewing.
It comprises:- Communal entrance and stairs leading to top floor. Flat 18's front door leading to:-
entrance hall with two built-in storage cupboards. Electric panel heater. Built-in airing cupboard with lagged cylinder with immersion heater. New carpet.
Sitting room 12'9 x 12'11 (3.90m x 3.94m) with new carpet, electric night storage heater and front aspect. TV aerial. Door off to:-
kitchen 7'10 x 8'4 (2.38m x 2.54m) with single drainer stainless steel sink unit with mixer tap inset in marble effect laminate worktops with range of wall and base units. Recess for cooker, space for upright fridge/freezer and plumbing for washing machine. Tiled splashback.
Bedroom 9'10 x 9'9 (3m x 2.98m) again with new carpet and electric panel heater. Dimensions exclusive of built-in double wardrobe with hanging rail.
Bathroom/WC with refitted suite of panelled bath with mixer tap/shower attachment and electric MX Options shower over with riser rail and glazed screen, pedestal washbasin and low level WC. Part tiled recess to bath area, tiled splashback to basin. Strip-light/shaver point. Dimplex electric wall heater.
Outside Driveway leading to the rear of the building and Flat 18 has one allocated car parking space that is undercover.
To the lower ground floor there is a allocated store cupboard and a communal bin area.
Services Mains electricity, water and drainage.
Tenure tenure Leasehold (to be confirmed). We understand that the property is held on the balance of a 99 year lease from 1970 and the annual ground rent is £5 per annum. We further understand that the current service charge is £70 per month and this includes a share of the building insurance premium and managing agents fees. We understand from our vendor clients that the lease can be extended to a new 999 year term with no ground rent. The additional cost to any purchaser would be circa £23,000 (subject to amendment).
Council tax Band A. Can be confirmed by the Isle of Wight Council on .
Viewing strictly by
appointment through
arthur wheeler estate agents
The accommodation which has recently been redecorated is warmed by electric heating and benefits from replacement uPVC double glazed windows.
In our opinion, due to the length of the lease remaining, the flat would seem ideally suitable for cash buyer investors and also in our opinion would seem ideal as a rental investment. To fully appreciate the accommodation we would recommend an internal viewing.
It comprises:- Communal entrance and stairs leading to top floor. Flat 18's front door leading to:-
entrance hall with two built-in storage cupboards. Electric panel heater. Built-in airing cupboard with lagged cylinder with immersion heater. New carpet.
Sitting room 12'9 x 12'11 (3.90m x 3.94m) with new carpet, electric night storage heater and front aspect. TV aerial. Door off to:-
kitchen 7'10 x 8'4 (2.38m x 2.54m) with single drainer stainless steel sink unit with mixer tap inset in marble effect laminate worktops with range of wall and base units. Recess for cooker, space for upright fridge/freezer and plumbing for washing machine. Tiled splashback.
Bedroom 9'10 x 9'9 (3m x 2.98m) again with new carpet and electric panel heater. Dimensions exclusive of built-in double wardrobe with hanging rail.
Bathroom/WC with refitted suite of panelled bath with mixer tap/shower attachment and electric MX Options shower over with riser rail and glazed screen, pedestal washbasin and low level WC. Part tiled recess to bath area, tiled splashback to basin. Strip-light/shaver point. Dimplex electric wall heater.
Outside Driveway leading to the rear of the building and Flat 18 has one allocated car parking space that is undercover.
To the lower ground floor there is a allocated store cupboard and a communal bin area.
Services Mains electricity, water and drainage.
Tenure tenure Leasehold (to be confirmed). We understand that the property is held on the balance of a 99 year lease from 1970 and the annual ground rent is £5 per annum. We further understand that the current service charge is £70 per month and this includes a share of the building insurance premium and managing agents fees. We understand from our vendor clients that the lease can be extended to a new 999 year term with no ground rent. The additional cost to any purchaser would be circa £23,000 (subject to amendment).
Council tax Band A. Can be confirmed by the Isle of Wight Council on .
Viewing strictly by
appointment through
arthur wheeler estate agents
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