1 bed Flat For Sale £150,000
Overview
Immaculate Flat, Perfect Tenant, Tranquil Location. If you’re looking for a solid, steady, tenanted investment this modern 1 bedroom flat in the Devon countryside is well worth a look.
We know that many investors aren't looking for spectacular returns and the risk and drama that comes with them. Some investors prefer properties that can quietly deliver bank beating returns every month.
If you could create your perfect location for such a 'no drama' investment, could it be something like this?
A quiet cul de sac in the middle of the idyllic Devon countryside, accessed by a private lane with a retirement home and well cared-for properties, appealing to an older owner-occupier or tenant.
And if you could create your perfect long term tenant? How about a happy, settled academic, who's lived there for over a decade.
This first floor, one bedroom property is immaculate.
It's been thoughtfully designed to make the most of the available space. A great example of this is the window from the modern fitted kitchen to the lounge. It means meals can be served then eaten at the breakfast bar on the other side. So no need for a bulky dining table!
The rest of the property is equally impressive. There's a good size double bedroom and a luxurious tiled bathroom with a walk in shower.
It's practical too. There's a separate utility room for appliances (accessed from the communal landing) meaning none of the precious kitchen space needs to be wasted.
The flat is located in a purpose built block, with access shared with another first floor flat and on-street parking.
The tenant is paying £600pcm delivering a bank-beating 4.8% gross yield based on the £150,000 asking price.
When calculating your returns you will need to factor in the service charge which includes the water rates. All-in it's approximately £90 per month.
The tenant loves the location because he can enjoy the quiet countryside and woodland walks - but it's still less than a 20 minute drive to work at Exeter University.
It's a five minute drive or bike ride to the lovely commuter village of Broadclyst. The village has everything needed day-to-day, with a post office & general store and a couple of pubs.
If you're the kind of investor who seeks out hassle free investments this immaculate tenanted flat could be right up your quiet cul-de-sac.
Leasehold Information
Number of years remaining on the lease: 966 years
Current ground rent and any review period:
- £1 per year
- 1 year
Current service charge and any review period:
- £90 per month
- 1 year
Council tax band: A
Immaculate Flat, Perfect Tenant, Tranquil Location. If you’re looking for a solid, steady, tenanted investment this modern 1 bedroom flat in the Devon countryside is well worth a look.
We know that many investors aren't looking for spectacular returns and the risk and drama that comes with them. Some investors prefer properties that can quietly deliver bank beating returns every month.
If you could create your perfect location for such a 'no drama' investment, could it be something like this?
A quiet cul de sac in the middle of the idyllic Devon countryside, accessed by a private lane with a retirement home and well cared-for properties, appealing to an older owner-occupier or tenant.
And if you could create your perfect long term tenant? How about a happy, settled academic, who's lived there for over a decade.
This first floor, one bedroom property is immaculate.
It's been thoughtfully designed to make the most of the available space. A great example of this is the window from the modern fitted kitchen to the lounge. It means meals can be served then eaten at the breakfast bar on the other side. So no need for a bulky dining table!
The rest of the property is equally impressive. There's a good size double bedroom and a luxurious tiled bathroom with a walk in shower.
It's practical too. There's a separate utility room for appliances (accessed from the communal landing) meaning none of the precious kitchen space needs to be wasted.
The flat is located in a purpose built block, with access shared with another first floor flat and on-street parking.
The tenant is paying £600pcm delivering a bank-beating 4.8% gross yield based on the £150,000 asking price.
When calculating your returns you will need to factor in the service charge which includes the water rates. All-in it's approximately £90 per month.
The tenant loves the location because he can enjoy the quiet countryside and woodland walks - but it's still less than a 20 minute drive to work at Exeter University.
It's a five minute drive or bike ride to the lovely commuter village of Broadclyst. The village has everything needed day-to-day, with a post office & general store and a couple of pubs.
If you're the kind of investor who seeks out hassle free investments this immaculate tenanted flat could be right up your quiet cul-de-sac.
Leasehold Information
Number of years remaining on the lease: 966 years
Current ground rent and any review period:
- £1 per year
- 1 year
Current service charge and any review period:
- £90 per month
- 1 year
Council tax band: A
