An investment or 1st-time buyer opportunity to purchase a two-bedroom first-floor flat. Property is a leasehold but ownership of lease included! Freehold for lease co-owned with other 2 flat owners who contribute £20 per month month to a community bank account for maintenance. Current bal about £4500.
Expected rental income is 950 to 1050 monthly if this is rented out.
Two bed flat in the heart of St Leonards within a stone's throw of the popular Magdalen Road shops. The property benefits a Modern shower room, large double bedroom, small single bedroom, large living room with kitchen, high ceilings, and spacious with plenty of natural light.
Tenure: Shared Freehold
Council Tax: A
Lease Remaining: 197
Current ground rent: £0.00 Per Year
Ground rent review period: Every -1 year
Annual ground rent increase: 1%