For Sale, 2 Bed Flat 

Rowan Way, New Balderton, Newark

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Features

  • Two-bedroom first floor flat
  • Ready-made investment or owner occupier
  • Currently let at £425 pcm (£5,100 pa)
  • Vacant possession may be available
  • Fitted kitchen and bathroom
  • Single garage let at £40 pcm (£480 pa)
  • Popular lakeside area
  • Close to local amenities
  • Approx. 52 Sq. M (563 Sq. Ft)
  • Long leasehold

Quick Details

2 Bedrooms1 Reception1 Bathroom

Address

15 Rowan WayNew BaldertonNewarkNottinghamshireNG24 3AU
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EPC
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Property Details

•Asking Price: £85,000
•Two-bedroom first floor flat
•Ready-made investment property
•Tenanted: £5,580 per annum, 6.52% Gross Yield
•Long leasehold

This spacious two-bedroom flat is located on the first floor within this purpose-built block of flats in the popular residential area of New Balderton, Newark.

The accommodation comprises a spacious lounge, seperate kitchen, two bedrooms and a family bathroom. The lounge is neutrally decorated with a large floor to ceiling double glazed window, creating a light and spacious feel.

There is a separate kitchen including a range of fitted units with splash back tiles, stainless steel sink and complimentary flooring. Each bedroom offers spacious accommodation with neutrally painted walls and carpeting. The bathroom comprises a fitted three-piece suite, having a bath, low flush WC, and wash hand basin with partially tiled walls.

Externally, the flat benefits from a single garage which is located within the block adjacent. There is also the benefit of on street parking within the vicinity and close access to Balderton Lake and Newark town centre.

Accommodation

Kitchen 2.72 x 2.25
Lounge 3.68 x 3.79
Bedroom 3.01 x 3.81
Bedroom 3.0 x 3.01 (max)
Bathroom 1.9 x 2.02

Total. 53 Sq. M (563 Sq. Ft)

Services

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

Tenure

Long Leasehold

Investment Analysis

The property is currently tenanted at £425 pcm (£5,100 per annum). The single garage is let separately with a rent of £40 pcm (£480 pa) representing a current gross yield of 6.52%, based on the asking price.

Council Tax

The flat is rated in Council Tax Band A. Council Tax amount payable for 2019/2020 is £1,349.

Asking Price

£85,000

Buyer’s Premium

A Buyer’s Premium of 1% (min. £900) inc. VAT is payable on top of the purchase price. Please take in to account when offering on a property.

Viewings

Viewings strictly by appointment only. Please contact a member of John Pye Property on 0115 970 6060 or email property@johnpye.co.uk to arrange an appointment.

Energy Performance Certificates

Location Map

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