2 bed Flat For Sale £130,000
*** buy to let investment *** tenant already in place and settled in the property ***potential 14.54% gross rental yield return *** income generating from day one *** purchase with around £32,500 initial investment with the balance on A buy to let interest only mortgage ***
*** first floor appartment *** two bedrooms *** parking ***refurbished bathroom ***
This property is currently tenanted on a standard AST (Assured Shorthold Tenancy) at an agreed rent of £655 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 5.13% pa gross yield return which could be improved even further if purchased using a btl mortgage of up to 75% of the purchase price.
Using a btl mortgage, an investor could purchase this great investment with around a £32,500 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 comprises of an entrance hall, lounge, breakfast kitchen, two bedrooms and a bathroom. Outside there is an allocated parking space. The ground rent and service charge on this apartment total around £1,126 pa.
EPC Rated - C
Leasehold
Approach
Hallway
Electric heater, two storage cupboards and doors to:
Lounge (3.83m x 4.13m (12'7" x 13'7"))
Two double glazed window and an electric heater.
Breakfast Kitchen (2.21m x 2.27m (7'3" x 7'5"))
Fitted with a range of wall and base units, sink with tap over, oven hob and extractor. Two double glazed window and a electric heater.
Bedroom One (4.20m x 4.42m (13'9" x 14'6"))
Two Double glazed windows and a electric heater.
Bedroom Two (2.81m x 3.94m (9'3" x 12'11"))
Two double glazed windows and a electric heater.
Bathroom
Shower bath, wash hand basin, W/C, electric towel warmer and a double glazed window.
Outside
One allocated parking space.
*** first floor appartment *** two bedrooms *** parking ***refurbished bathroom ***
This property is currently tenanted on a standard AST (Assured Shorthold Tenancy) at an agreed rent of £655 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 5.13% pa gross yield return which could be improved even further if purchased using a btl mortgage of up to 75% of the purchase price.
Using a btl mortgage, an investor could purchase this great investment with around a £32,500 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 comprises of an entrance hall, lounge, breakfast kitchen, two bedrooms and a bathroom. Outside there is an allocated parking space. The ground rent and service charge on this apartment total around £1,126 pa.
EPC Rated - C
Leasehold
Approach
Hallway
Electric heater, two storage cupboards and doors to:
Lounge (3.83m x 4.13m (12'7" x 13'7"))
Two double glazed window and an electric heater.
Breakfast Kitchen (2.21m x 2.27m (7'3" x 7'5"))
Fitted with a range of wall and base units, sink with tap over, oven hob and extractor. Two double glazed window and a electric heater.
Bedroom One (4.20m x 4.42m (13'9" x 14'6"))
Two Double glazed windows and a electric heater.
Bedroom Two (2.81m x 3.94m (9'3" x 12'11"))
Two double glazed windows and a electric heater.
Bathroom
Shower bath, wash hand basin, W/C, electric towel warmer and a double glazed window.
Outside
One allocated parking space.
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