House For Sale £190,000
Three bedroom property in need of modernisation and repair and currently subject to an Assured Non shorthold tenancy
An opportunity arises for an experienced investor willing to take on a problem tenancy in lieu of an attractively priced detached bungalow standing on a larger than average plot.
The tenancy The property is currently let on an Assured Non-Shorthold tenancy under an agreement dated 1st June 2014 at a rental of £850pcm this represents a below average rental yield of 5.4%. A copy of the agreement is available for review on request by any legal representative of a potential buyer.
It is important to note that the non-shorthold version of the assured tenancy gives the current tenants long term security of tenure and entitles them to stay in the property indefinitely until they choose to go. The landlord can only gain possession if a tenant breaks a term of the tenancy and only by order of the court.
The tenants are so far exercising their covenant for quite enjoyment and no internal inspection, valuation or measurements have so far not been possible by an agent of Cathedral Property Services. Agent accompanied external viewings can be arranged and every attempt to secure an internal viewing will be made on request
the property The subject property comprises of a medium sized, traditionally constructed detached bungalow on a larger than average plot. The estimated construction period is circa 1930's. Although an internal inspection has not been possible at this time, the property was last sold in 2006 and is assumed to comprise of the same internal design made up of three bedrooms, lounge, dining kitchen, conservatory, bathroom, cellar and utility room as well as the double garage. The property has not been modernised by the current owner and external inspection finds the property to appear neglected and in need of attention and repair.
Location The property is situated within a popular, established residential location. The immediate area is generally characterised by individually designed detached houses and bungalows. The property lies within a 2.5 mile radios of the center of Mansfield. The property offers excellent access to the M1 and A38 travel corridors
disclaimer If you choose to make an offer based solely on external viewing and review of the tenancy agreement, then Cathedral Property Services does not accept any liability for errors in the information provided, including but not limited to, measurements, photography and video content in the event that a physical valuation has not been carried out.
"Should you decide to make an offer on a property, you accept that any representations made in relation to the property may be based on virtual information provided by the vendor.
"In the event that the valuation was carried out virtually, Cathedral Property Services is not responsible for this information or its accuracy. If in any doubt, you should make additional enquiries
An opportunity arises for an experienced investor willing to take on a problem tenancy in lieu of an attractively priced detached bungalow standing on a larger than average plot.
The tenancy The property is currently let on an Assured Non-Shorthold tenancy under an agreement dated 1st June 2014 at a rental of £850pcm this represents a below average rental yield of 5.4%. A copy of the agreement is available for review on request by any legal representative of a potential buyer.
It is important to note that the non-shorthold version of the assured tenancy gives the current tenants long term security of tenure and entitles them to stay in the property indefinitely until they choose to go. The landlord can only gain possession if a tenant breaks a term of the tenancy and only by order of the court.
The tenants are so far exercising their covenant for quite enjoyment and no internal inspection, valuation or measurements have so far not been possible by an agent of Cathedral Property Services. Agent accompanied external viewings can be arranged and every attempt to secure an internal viewing will be made on request
the property The subject property comprises of a medium sized, traditionally constructed detached bungalow on a larger than average plot. The estimated construction period is circa 1930's. Although an internal inspection has not been possible at this time, the property was last sold in 2006 and is assumed to comprise of the same internal design made up of three bedrooms, lounge, dining kitchen, conservatory, bathroom, cellar and utility room as well as the double garage. The property has not been modernised by the current owner and external inspection finds the property to appear neglected and in need of attention and repair.
Location The property is situated within a popular, established residential location. The immediate area is generally characterised by individually designed detached houses and bungalows. The property lies within a 2.5 mile radios of the center of Mansfield. The property offers excellent access to the M1 and A38 travel corridors
disclaimer If you choose to make an offer based solely on external viewing and review of the tenancy agreement, then Cathedral Property Services does not accept any liability for errors in the information provided, including but not limited to, measurements, photography and video content in the event that a physical valuation has not been carried out.
"Should you decide to make an offer on a property, you accept that any representations made in relation to the property may be based on virtual information provided by the vendor.
"In the event that the valuation was carried out virtually, Cathedral Property Services is not responsible for this information or its accuracy. If in any doubt, you should make additional enquiries
