Blake & Thickbroom are pleased to be offering for sale this four bedroom second floor flat, being sold with a tenant in situ, who are currently paying £800 per calendar month. The property has a balance of a 125 year lease lease, granted in 2016. In the valuer's opinion, the property is an ideal Buy to Let investment. producing a yield of 7.38% before service charge and ground rent deductions.
Agent Notes: Material Information for this property. Tenure is Leasehold. 125 years from 13th January 2016 Council Tax Band B. EPC Rating D. Services Connected Electricity - Yes Gas - Yes Water- Yes Sewerage type - Mains Telephone and Broadband coverage - Yes Prospective purchasers should be directed to website to Checker.ofcom.org.co.uk to confirm the coverage of mobile phone and broadband for this property. Additional property charges - Yes Service charges for period 1st January 2024-31st December 2024 is £2,305.83 and ground rent is £250 PA. The service charge for 2025 is to be confirmed. Non standard property features to note - No
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Blake & Thickbroom - Clacton-on-Sea. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blake & Thickbroom - Clacton-on-Sea for full details and further information.