2 bed Flat For Sale £150,000
An investment opportunity to purchase A two bed, two bath ground floor apartment in a prime letting area in Hyde Park. Leasehold. Council tax band A.
General
Currently tenanted on an Assured Shorthold Tenancy until June 2023, this ground floor apartment forms part of a grand Victorian mid terrace property that was redeveloped in 2015. The main communal entrance is located on Moorland Road, opposite Hyde Park, however this apartment benefits from its own private entrance at the rear on Moorland Avenue. The current gross rental income is £10,399.92 per annum. Comprises: Entrance hallway, open plan living room/kitchen, and two double bedrooms – both with en suite shower rooms. No onward chain.
Area
Moorland Road is located in the prime letting area of Hyde Park, on the fringe of the city centre and within very easy reach of the Universities, Business School and Hospitals. The Woodhouse/Hyde Park area is a diverse suburb approximately 1 mile from the city centre, and is very popular with students (being so close to campus). The open spaces of Woodhouse Ridge and Hyde Park are close by, as are a number of independent shops and restaurants.
Ground floor
private entrance/hallway
This spacious hallway gives access to one of the bedrooms and leads to…
bedroom one (double)
Located at the rear of the apartment, this double bedroom has hard flooring and leads to…
En suite shower room
A stylish shower room with a walk-in fully tiled double shower enclosure with electric shower. Low level WC, pedestal washbasin and with the added benefit of a window.
Lounge/kitchen
An open plan reception room with hard flooring and a modern kitchen with a range of modern wall and base units. This contemporary kitchen has a complementary wood effect worktop and ‘Metro’ style splashback tiling. There is an integrated electric oven, hob and extractor hood, an integrated washer/dryer and under counter integrated fridge and freezer. Leading to…
Inner hall
With the benefit of a fitted wardrobe and leading to…
bedroom two (double)
With hard flooring and a window overlooking Moorland Avenue. Leads to…
Shower room
With a fully tiled shower cubicle and electric shower, low level WC and pedestal washbasin.
Outside
There is a small private courtyard style garden for the tenants to enjoy, which is neatly fenced off. Moorland Road is strictly residents permit parking.
Tenure
Leasehold for a term of 999 years from 2015.
Service charge
Our sellers inform us that the service charge for 2022 is £1999, paid bi-annually.
Ground rent
We understand the ground rent to be £500 per annum.
Managing agents
Our sellers use Hancock & Bentley to let and manage the property on their behalf, for which they pay £1373.28 per annum. The tenants pay the rent quarterly (student tenants).
Council tax band A<br /><br />
General
Currently tenanted on an Assured Shorthold Tenancy until June 2023, this ground floor apartment forms part of a grand Victorian mid terrace property that was redeveloped in 2015. The main communal entrance is located on Moorland Road, opposite Hyde Park, however this apartment benefits from its own private entrance at the rear on Moorland Avenue. The current gross rental income is £10,399.92 per annum. Comprises: Entrance hallway, open plan living room/kitchen, and two double bedrooms – both with en suite shower rooms. No onward chain.
Area
Moorland Road is located in the prime letting area of Hyde Park, on the fringe of the city centre and within very easy reach of the Universities, Business School and Hospitals. The Woodhouse/Hyde Park area is a diverse suburb approximately 1 mile from the city centre, and is very popular with students (being so close to campus). The open spaces of Woodhouse Ridge and Hyde Park are close by, as are a number of independent shops and restaurants.
Ground floor
private entrance/hallway
This spacious hallway gives access to one of the bedrooms and leads to…
bedroom one (double)
Located at the rear of the apartment, this double bedroom has hard flooring and leads to…
En suite shower room
A stylish shower room with a walk-in fully tiled double shower enclosure with electric shower. Low level WC, pedestal washbasin and with the added benefit of a window.
Lounge/kitchen
An open plan reception room with hard flooring and a modern kitchen with a range of modern wall and base units. This contemporary kitchen has a complementary wood effect worktop and ‘Metro’ style splashback tiling. There is an integrated electric oven, hob and extractor hood, an integrated washer/dryer and under counter integrated fridge and freezer. Leading to…
Inner hall
With the benefit of a fitted wardrobe and leading to…
bedroom two (double)
With hard flooring and a window overlooking Moorland Avenue. Leads to…
Shower room
With a fully tiled shower cubicle and electric shower, low level WC and pedestal washbasin.
Outside
There is a small private courtyard style garden for the tenants to enjoy, which is neatly fenced off. Moorland Road is strictly residents permit parking.
Tenure
Leasehold for a term of 999 years from 2015.
Service charge
Our sellers inform us that the service charge for 2022 is £1999, paid bi-annually.
Ground rent
We understand the ground rent to be £500 per annum.
Managing agents
Our sellers use Hancock & Bentley to let and manage the property on their behalf, for which they pay £1373.28 per annum. The tenants pay the rent quarterly (student tenants).
Council tax band A<br /><br />
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