Auction Property 2 Bed Flat 

Thorpe Close, Newark

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Features

  • Auction date: TBC
  • Two-bedroom first floor flat
  • Ready-made investment opportunity
  • Sold with tenant in situ
  • Currently let at £435 pcm (£5,220 pa)
  • Fitted kitchen and bathroom
  • Large garden with storage facilities
  • Close to local amenities
  • Approx. 70 Sq. M (753 Sq. Ft)

Quick Details

2 Bedrooms1 Reception1 Bathroom

Address

7 Thorpe CloseNewarkNottinghamshireNG24 4PJ
Details
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Property Details

•Auction date: TBC
•Guide Price: £59,500+
•Two-bedroom first floor flat
•Ready-made investment property
•Tenanted: £5,220 per annum, 8.77% Gross Yield
•Leasehold

This spacious two-bedroom flat is located on the first floor within this purpose-built block of flats in a popular residential area within close proximity to Newark Town Centre.

The accommodation comprises a spacious lounge/ diner, separate fitted kitchen, two generous bedrooms and a family bathroom. The lounge is neutrally decorated with a delightful feature fireplace.

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 tastefully 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 large brick-built storage shed which is located adjacent to the front door to the property and a very large garden which is laid to lawn mainly with a low maintenance patio area. There is also the benefit of on street parking within the vicinity.

Accommodation

Kitchen 2.43m x 3.96m (max)
Lounge 4.51m x 4.69m
Bedroom 4.12m x 2.99m (max)
Bedroom 4.11m x 3.28m
Bathroom 1.82m x 1.95m
Total Approx. 70 Sq. M (753 Sq. Ft)

Services

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

Tenure

Leasehold

Investment Analysis

The property is currently tenanted at £435 pcm (£5,220 per annum) representing a gross annual yield of 8.77%, based on the guide price.

Council Tax

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

Buyer’s Premium

2% (minimum £3,600) including VAT.

Guide Price

£59,500+

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