Studio Flat For Sale £115,000
We are looking for someone who has heard of Kim & Aggy, is an avid Mrs Hinch follower, not afraid to roll up their sleeves and get their hands dirty! This apartment is in need of a deep, deep clean... The transformation that could be achieved here, with nothing more than a little elbow grease and a lot of love would make all the difference to this double aspect studio apartment.
Before we go any further, we must tell you that this property is a diamond in the rough. The apartment itself offers no onward chain, currently let to one tenant. There is a spacious living/sleeping area, a separate fitted kitchen and bathroom. This property is perfect for a buy-to-let, second home/holiday retreat or a first step onto the property ladder. Yes, the property is in need of a good clean and refurbishment but this is reflected in the price. It would cost so little to improve this property to its full potential, in our opinion, to realise its true value.
This centrally located studio apartment is currently let at £550pcm which gives a 5.1% gross yield! Just imagine how much more you could achieve with some basic investment of time and energy! This is a great investment, whether just starting your portfolio or as an addition.
We have been advised that there is 122 years remaining on the lease, the ground rent £200 pa rising by £50 each 50 years and the service charge 3% for overall maintenance of building - these figures have been supplied by the owner and we recommend you have them confirmed by your legal representative.
The property is situated in the heart of Broadstairs, located just minutes away from the town centre with its eclectic mix of independent shops, bars and restaurants as well as a short distance from the beautiful beaches of Viking Bay and Louisa Bay, of which distant sea views can be seen from the apartment. The mainline train station is located at the top of the High Street with high-speed services to London.
Call TMS Estate Agents on
Entrance (0.99m x 2.11m (3'3 x 6'11))
Entry to the property is via an external metal staircase to communal front door to communal entrance hall. Up a couple of steps to the wooden front door to reception hall with wood effect flooring.
Living Area (4.09m x 4.39m (13'5 x 14'5))
Double aspect windows, wood effect flooring.
Bathroom (1.50m x 3.20m (4'11 x 10'6))
Low level flush WC, pedestal wash hand basin, panel bath.
Kitchen (1.60m x 3.20m (5'3 x 10'6))
Wooden effect flooring, range of matching wall and base units with work surface over.
Before we go any further, we must tell you that this property is a diamond in the rough. The apartment itself offers no onward chain, currently let to one tenant. There is a spacious living/sleeping area, a separate fitted kitchen and bathroom. This property is perfect for a buy-to-let, second home/holiday retreat or a first step onto the property ladder. Yes, the property is in need of a good clean and refurbishment but this is reflected in the price. It would cost so little to improve this property to its full potential, in our opinion, to realise its true value.
This centrally located studio apartment is currently let at £550pcm which gives a 5.1% gross yield! Just imagine how much more you could achieve with some basic investment of time and energy! This is a great investment, whether just starting your portfolio or as an addition.
We have been advised that there is 122 years remaining on the lease, the ground rent £200 pa rising by £50 each 50 years and the service charge 3% for overall maintenance of building - these figures have been supplied by the owner and we recommend you have them confirmed by your legal representative.
The property is situated in the heart of Broadstairs, located just minutes away from the town centre with its eclectic mix of independent shops, bars and restaurants as well as a short distance from the beautiful beaches of Viking Bay and Louisa Bay, of which distant sea views can be seen from the apartment. The mainline train station is located at the top of the High Street with high-speed services to London.
Call TMS Estate Agents on
Entrance (0.99m x 2.11m (3'3 x 6'11))
Entry to the property is via an external metal staircase to communal front door to communal entrance hall. Up a couple of steps to the wooden front door to reception hall with wood effect flooring.
Living Area (4.09m x 4.39m (13'5 x 14'5))
Double aspect windows, wood effect flooring.
Bathroom (1.50m x 3.20m (4'11 x 10'6))
Low level flush WC, pedestal wash hand basin, panel bath.
Kitchen (1.60m x 3.20m (5'3 x 10'6))
Wooden effect flooring, range of matching wall and base units with work surface over.
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