2 bed Flat For Sale £80,000
Investment Opportunity | Tenanted | No Chain | Low Maintenance | 79 Years Leasehold Remaining | EPC Rating D | Balcony | Garage Included | 8.9 % Yield
Property Overview
Don't miss out on this fantastic opportunity to purchase 2 Bedroom investment apartnment with a sitting tenant generating a monthly income of £595. With 79 years remaining on the lease this is a smart investment choice
The Lindens is a large cul de sac located in the highly desirable neighbourhood of Newbridge, Wolverhampton, The apartments are surrounded by well kept communal gardens and ample street parking. Within walking distance of the Tettenhall Road which is the main road leading into the city centre, whether that is by car or public transport.
The apartment is accessed from the first floor and comprimises of an entrance hall leading to a large living room and master bedroom on the left, with bedroom 2, bathroom and kitchen to the right. There is also a garage included which is located in a seperate block.
All certificates are up to date, and tenant is currently on a periodic shorthold tenancy agreement
EPC - D
Council Tax Band A
Living Room
Spacious Living Room with two double glazed windows, door to balcony, electric heater and grey vinyl flooring.
Kitchen
Large double window, electric cooker and extractor fan, stainless steel sink
Bedroom 1
With electric heater, window and grey vinyl flooring
Bedroom 2
With electric heater, window and grey vinyl flooring
Bathroom
Wood effect vinyl flooring, WC, sink and bath with shower
Rental And Charges
Ground Rent £250 pa,
Service Charge £1072 pa
Lease 79 years
EPC D
£595 Monthly Rental income
Buyers Fee And Reservation
Genie Homes pride ourselves on our simple and secure buying process.
This sale is subject to a 2% plus VAT Buyers Fee and this is based on the agreed sale price.
Please contact us to arrange a viewing. We will ask you to provide proof of funds and photographic identification prior to attending, to make sure we cause minimal disruption to any tenants that may reside at the property.
Once you have viewed the property, we will ask you for feedback.
If you make an offer and it is accepted, the full 2% plus VAT is then applicable in order to take the property off the market.
Please note: Should the property purchase not complete, the reservation fee will be refundable in only these circumstances;
1. The vendor has withdrawn from the sale
2. The vendor has not disclosed details regarding the property that affects mortgage-
ability. (For example, unforeseen significant structural movement as indicated by a structural survey.)
The benefits of a buyers fee to the buyer are:
- Properties are advertised at a reasonable purchase price in order to encourage a quick sale.
- This approach allows you to secure the property and start the conveyancing process
quickly.
- Reservation of the property removes the element of competitive bidding and also the possibility of being gazumped.
- The risk of the sale falling through is minimized on both sides, buyers are committed financially and vendors know that buyers are serious.
All these elements provide peace of mind from the outset, along with our personal and proactive approach.
We look forward to hearing from you soon.
Disclaimer
These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure
Leasehold
Possession
Tenant Occupied
Viewing
Strictly by appointment through Genie Homes
Property Overview
Don't miss out on this fantastic opportunity to purchase 2 Bedroom investment apartnment with a sitting tenant generating a monthly income of £595. With 79 years remaining on the lease this is a smart investment choice
The Lindens is a large cul de sac located in the highly desirable neighbourhood of Newbridge, Wolverhampton, The apartments are surrounded by well kept communal gardens and ample street parking. Within walking distance of the Tettenhall Road which is the main road leading into the city centre, whether that is by car or public transport.
The apartment is accessed from the first floor and comprimises of an entrance hall leading to a large living room and master bedroom on the left, with bedroom 2, bathroom and kitchen to the right. There is also a garage included which is located in a seperate block.
All certificates are up to date, and tenant is currently on a periodic shorthold tenancy agreement
EPC - D
Council Tax Band A
Living Room
Spacious Living Room with two double glazed windows, door to balcony, electric heater and grey vinyl flooring.
Kitchen
Large double window, electric cooker and extractor fan, stainless steel sink
Bedroom 1
With electric heater, window and grey vinyl flooring
Bedroom 2
With electric heater, window and grey vinyl flooring
Bathroom
Wood effect vinyl flooring, WC, sink and bath with shower
Rental And Charges
Ground Rent £250 pa,
Service Charge £1072 pa
Lease 79 years
EPC D
£595 Monthly Rental income
Buyers Fee And Reservation
Genie Homes pride ourselves on our simple and secure buying process.
This sale is subject to a 2% plus VAT Buyers Fee and this is based on the agreed sale price.
Please contact us to arrange a viewing. We will ask you to provide proof of funds and photographic identification prior to attending, to make sure we cause minimal disruption to any tenants that may reside at the property.
Once you have viewed the property, we will ask you for feedback.
If you make an offer and it is accepted, the full 2% plus VAT is then applicable in order to take the property off the market.
Please note: Should the property purchase not complete, the reservation fee will be refundable in only these circumstances;
1. The vendor has withdrawn from the sale
2. The vendor has not disclosed details regarding the property that affects mortgage-
ability. (For example, unforeseen significant structural movement as indicated by a structural survey.)
The benefits of a buyers fee to the buyer are:
- Properties are advertised at a reasonable purchase price in order to encourage a quick sale.
- This approach allows you to secure the property and start the conveyancing process
quickly.
- Reservation of the property removes the element of competitive bidding and also the possibility of being gazumped.
- The risk of the sale falling through is minimized on both sides, buyers are committed financially and vendors know that buyers are serious.
All these elements provide peace of mind from the outset, along with our personal and proactive approach.
We look forward to hearing from you soon.
Disclaimer
These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure
Leasehold
Possession
Tenant Occupied
Viewing
Strictly by appointment through Genie Homes
