Ideal first time purchase or investment opportunity. This 2 bedroom, first floor apartment is in a block of just four similar apartments occupying an excellent position on the southern edge of the development with views across surrounding countryside. The spacious accommodation, in brief, comprises;- communal entrance, entrance hall, kitchen/breakfast room, dual aspect sitting/dining room creating ample light and wonderful views over surrounding countryside room, 2 bedrooms and a bathroom. Heating is via electric panel heaters, the windows are Upvc sealed unit double glazed and the loft, which provides useful storage, is boarded with power and lighting connected. The Council Tax is currently Band A and the EPC rating is currently Band C. There is allocated parking for one car and the apartment has the benefit of offering immediate possession with no onward chain.
The property is leasehold with a 155 year lease originally granted in 2006. The ground rent is currently £210.00 per annum and the service charge is currently £199.91 per month which includes buildings insurance, upkeep and maintenance of the communal areas. In line with similar properties let within the development, we feel it would be possible to achieve a monthly rent of around £975.00pcm
The property is particularly well placed for access to the city centre, delightful countryside walks and Ely leisure, a complex on the western outskirts of the city, which includes various eating establishments, cinema, sports centre, swimming pool together with sporting activities including golf, squash and tennis. Ely offers a good range of day-to-day amenities, several weekly markets and a mainline railway station with services to Cambridge, London, Birmingham and the north.
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.
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