Property details


Investment purchase only, tenants in situ. Situated on the lower ground floor of a popular (over 60s) purpose built development this one bedroom apartment has been recently renovated including an all new kitchen and shower room. Internally there is a lounge diner, small but functional new kitchen, double bedroom with recessed wardrobes, new shower room, entrance hall and also a large storage cupboard. Maison Belleville benefits from a 24 hour in house manager, communal laundry rooms, communal gardens and large lounge area with a kitchen and a terrace. Leasehold until 2086. The current tenants have a lease until end Nov 2023, and providing a gross yield of 4.6%. Sole agent.
1 bedroom over 60s apt
First floor light and bright
New kitchen and shower room
Popular purpose built development
24hr in house manager
Rented parking available

Features

Interior

Living room
14' 1" x 12' 4" (4.30m x 3.75m)
Kitchen
7' 3" x 5' 7" (2.20m x 1.69m)
Bedroom
14' 1" x 8' 7" (4.30m x 2.62m)
Bathroom
6' 7" x 4' 11" (2.00m x 1.50m)
Hallway
16' 1" x 3' 3" (4.89m x 1.00m)

Exterior

Communal gardens and patio.

Services and notes

Service charges
£1,364.14 bi annually this covers all usual association costs i.e. communal cleaning, lighting, lift maintenance, but also 24hr in house manager's salary.

Tenant paying £783pm with an annual cost of living increase. Tenant is keen to stay on after the end of the lease (28-11-23).
Based on £205,000 Gross yield 4.6%, net yield approx 3.25% (after deduction of service charges).

Leasehold
The property is purchased via leasehold agreement that expires in 2086.
Directions
The development is at the foot of Wellington Hill on the left hand side when travelling up.

KYC

Anti Money Laundering
When an offer is accepted and negotiations for the purchase of a property are underway, the prospective purchasers will be required to produce photo identification (driving licence or passport), proof of residency (a current utility bill) along with confirmation of source of funds. This is in order for us to comply with the current Money Laundering Legislation.
 

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