Auction Property 1 Bed Apartment 

Portland Street, Leamington Spa

Photos

Arrange viewing Make pre-auction Offer

Features

  • Auction Date: 27th – 28th February 2019
  • One double-bedroom apartment
  • Current rental income of £750 pcm (£9,000 per annum)
  • Current gross yield of 6.4%
  • Good opportunity for capital growth
  • Sought after location
  • Close to local amenities
  • Excellent transport links
  • Long Leasehold
  • Peppercorn ground rent

Quick Details

1 Bedroom1 Reception1 Bathroom

Address

5 Charnwood House, 22 Portland StreetLeamington SpaWarwickshireCV32 5EY
Details
Floorplans
EPC
Map
Viewing | Pre-auction Offer

Property Details

•For Sale By Online Auction: 27th – 28th February 2019
•Guide Price: £140,000+
•One double-bedroom apartment
•Tenanted: £750 pcm (£9,000 per annum)
•Current gross yield of 6.4% based on the guide price
•Long Leasehold

This first floor luxury apartment is part of an elegant regency property and is entered by the front communal entrance hallway with the benefit of an entry phone system.

The property is entered via a spacious communal hallway to the large private entrance. Off the hallway there is a large spacious lounge with the benefit of French doors to an attractive period balcony providing plentiful natural daylight. There is a modern kitchen / dining room with a good range of stylish base and eye level units, large windows overlooking the rear, halogen lighting and good quality integrated appliances.

The subject is located on Portland Street, a high street location in Leamington Spa. Originally a small village, Leamington Spa is now an attractive spa town notable for its fine Regency architecture and parks.

In the town centre there are a variety of shops from high street chains to independent retailers, plus an indoor shopping centre, The Royal Priors. There are also a number of schools and colleges within the vicinity.

From Leamington's centre it is 3 miles (5 km) to the M40 motorway which links it to Birmingham and London. It is also served by the A46, which links it to Coventry and Stratford-upon-Avon.

Description Cont'd

There is a good sized bedroom, again with French doors to the balcony, double fitted wardrobe that also houses the hot water tank. The stylish bathroom comprises a modern three piece suite with electric shower over bath.

The property comes fully furnished to a high standard including good quality flooring throughout, curtains/blinds to all windows, stylish king size bed and leather furniture.

Accommodation

Total floor area – Approx. 40m²
(Measurement taken from Floor Plan)

Investment Analysis

This property is currently let to a long-term tenant at £750 pcm (£9,000 per annum), representing a gross yield of 6.4%, based on the guide price.

In addition the area is currently seeing above average rises in capital values.

Services

We understand the property has mains electricity, water and drainage. However, interested parties should carry out their own investigations.

Council Tax

The property is rated in Council Tax Band B, council tax payable (2018/2019) is £1,368 pa

Buyers Premium

2% (min. £3,600) inc. VAT.

Sell Your Property

If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

•0% Seller Fee
•£0 Entry Fee
•£0 Marketing Costs
•20 Working Day Completion
•Monthly auctions

Floorplans

Energy Performance Certificates

Location Map

Viewing | Make Pre-auction Offer

Contact Details:

Your message has been sent.