*For Sale By Online PublicAuction 16th October 2025 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Ground Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £11,600 Per Annum Net (Reflecting a Gross Initial Yield of 23%)
Tenure Leasehold. The property is held on a 800 year lease from 25th March 1834 (thus approximately 608 years unexpired).
Location The property is situated on a residential road close to local shops and amenities. The open spaces of Pounds Park are within easy reach. Transport links are provided by the A61 and A57.
Description The property comprises a ground floor one bedroom flat situated within a purpose built block arranged over ground and four upper floors.
Accommodation Tenancy The property is subject to an Assured Shorthold Tenancy at a rent of £11,600 per annum. The management company covers the cost of management and service charges.
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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