A one bedroom, second floor apartment situated just off Clarence Street, being a 5 minute walk to York District Hospital and a 3 minute walk (for the average person) to York St John University - an ideal Investment opportunity (No Holiday Lets permitted) the anticipated rental income form here would be £800-850 PCM - giving a yield of 6%+.
The property has a recently decorated and carpeted communal hallway, well maintained and smart looking - bright, clean and modern.
Internally the apartment consists of an inner hallway with storage/cloaks cupboard, one good sized double bedroom with Velux window, modern shower room with shower, W.C., hand basin and heated towel rail, the kitchen living area is light and airy, thanks to the x2 Velux roof lights and smaller feature windows - the kitchen itself has an integrated electric oven, hob and extractor, integrated fridge with freezer box and a free standing washing machine. Everything you need!
Share of the Freehold.
Lease is 1st January 2002 - on a 999 year lease
Service Charge £365 per annum , payable every January - which includes your proportion of the buildings insurance, cleaning to the communal areas and the maintaining of the communal gardens and external security entrance doors - this is not anticipated to go up within the next 4/5 years.
Ground rent £0.
Is subletting allowed - Yes (No Holiday Lets though).
Pets - one well behaved small pet is allowed.
Parking - permit on street parking.
Council Tax - York City Council, council tax band 'A'.
The Management Company is called: 81 Clarence Street Management Company.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are 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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