Eager to attract the discerning eye of first-time buyers and savvy investors, this impeccable 1 bedroom flat presents itself as an ideal opportunity for those seeking a conveniently located property in the heart of the city. Situated on the first floor, this residence boasts a modest total floor area of 323 sq ft, featuring electric heating throughout for comfort. Categorised under Council Tax Band A at £1388, this property flaunts an appealing investment potential with a current rental income of £795 pcm, making it a lucrative proposition for landlords. Residents can enjoy the luxury of an allocated parking space, granting ease of access in this bustling urban environment. Additionally, the property offers a leasehold tenure comprising a 999-year lease from the 21st of June 1993, ensuring long-term stability for prospective owners.
Whilst outdoor enthusiasts may find solace in the heart of the city, this charming flat is designed for those who appreciate minimal maintenance and modern convenience. Boasting a practical stance, this property foregoes the constraints of a garden in favour of off-street parking for one vehicle, ensuring a hassle-free parking solution within the vicinity. Its strategic location offers a mere stone's throw away from the city centre and train station, making daily commutes a breeze for residents with bustling lifestyles. With ground rent set at a modest £50 per annum and service charge approximately £1500 per annum, this flat encapsulates an alluring blend of functionality and practicality, making it an invaluable addition to any property portfolio. EPC Rating: C
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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