•Asking Price: £85,000
•Two-bedroom first floor flat
•Ready-made investment property
•Tenanted: £5,580 per annum, 6.52% Gross Yield
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.
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)
We understand the property has mains electricity, water and drainage. However, interested parties should carry out their own investigations.
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.
The flat is rated in Council Tax Band A. Council Tax amount payable for 2019/2020 is £1,349.
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 strictly by appointment only. Please contact a member of John Pye Property on 0115 970 6060 or email email@example.com to arrange an appointment.