•Two Bedroom Apartment
•Ideal Investment Opportunity/ First Time Buyer
•Potential income of £6,000 per annum – 10.91% Gross Yield
The apartment is within close proximity to Ripley high street which has a good selection of local amenities and retailers, including; the Co-Op supermarket, The post office and numerous high street banks and other retail outlets.
Set within a purpose-built modern block, is this two bedroom spacious third floor apartment. The accommodation comprises of an open plan kitchen/ living room, with some integrated appliances, a three-piece bathroom suite and two good sized bedrooms.
The master bedroom benefits from en-suite facilities, including a single shower cubicle & wash hand basin. The property is of a neutral décor throughout with a mix of carpeting, tiling and vinyl floor coverings however would benefit from some redecoration throughout.
Externally, there is a communal entrance with security code entry system. The apartments are set above a retail premises, and we understand the building to have been constructed in circa 2008.
Living room: 4.22 Sq. M x 4.46 Sq. M
Kitchen: 2.43 Sq. M x 2.69 Sq. M
Bedroom 1: 3.12 Sq. M x 2.94 Sq. M
Ensuite: 1.05 Sq. M x 1.92 Sq. M
Bedroom 2: 4.2 Sq. M x 2.67 Sq. M (max)
Bathroom: 2.03 Sq. M x 1.92 Sq. M
Total: 60.34 Sq. M (649.49 Sq. Ft)
We expect the property to achieve between £450-£500 pcm if let on an AST basis following a small programme of redecoration.
The property is rated in council tax band B. The current rate payable 2018 / 2019 is £1,163.40 pa
We understand the property to have mains electricity, gas, water and drainage.
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.
To view this property, please contact John Pye Property - Property@johnpye.co.uk - 0115 970 6060