1 Bed Apartment For Sale

A top-floor flat with a long lease, ideal for first-time buyers and buy-to-let.

Ideally positioned within a short walk of the city centre and essential amenities, this residence is meticulously maintained and tastefully presented. With a long lease and an estimated gross yield ranging from 7.5% to 8.5%, this property represents a good buy-to-let investment opportunity.

Thoughtfully designed with an inviting entrance hall, a well-equipped kitchen and a spacious lounge/diner. The bedroom and the bathroom are well-appointed and feature modern fixtures and fittings.

There are communal gardens and a garage situated within a well-maintained block that provides secure parking.


Kitchen
Situated adjacent to the living/dining room is the well-appointed kitchen, featuring shaker-style wall and base units, an electric hob and a stainless-steel sink with a mixer tap set in front of a window.

Integrated appliances include an oven, a hob and an extractor fan. There is also space for additional appliances to complete this kitchen.


The living/dining room
The living/dining room is a bright and airy space with two windows that flood the room with natural light. There is a wall-mounted electric heater that completes the room.


Bedroom
There is a good-sized double bedroom featuring a window, built-in wardrobe/storage and a wall-mounted electric heater.


Bathroom
The bathroom has a white suite, comprising a low-level WC, a washbasin and a panelled bath with an electric shower. A ladder-style towel radiator and an obscure-glazed window.


Grounds & gardens
The communal gardens feature mature trees and shrubs whilst the garage located at the rear of the development provides secure parking and storage.

Nestled in the heart of Worcester, Elgar Court takes its name from the city’s most celebrated figure, Edward Elgar. This splendid residence is conveniently situated off Rainbow Hill, to the north of the bustling Worcester city centre.

Excellent transport connections with both Junctions 6 and 7 of the M5 just 3 miles away and both Shrub Hill and Foregate Street railway stations both under ¾ of a mile away.

The Worcester Royal Hospital is within 2-miles and ensures medical facilities are easily accessible. Furthermore, the proximity of Birmingham International Airport, located just 30 miles away, further enhances the property’s accessibility.

Mains electricity, water and drainage.

Annual service charge of £844 and £15 fee for annual ground rent.

951 years remaining on lease.

Council tax band A

Reservation Fee - refundable on exchange



A reservation fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract. The fee will be reimbursed upon the successful Exchange of Contracts.



The fee will be retained by Andrew Grant in the event that you the buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons:



1. Any significant material issues highlighted in a survey that were not evident or drawn to the attention of you the buyer prior to the Memorandum of Sale being issued.

2. Serious and material defect in the seller’s legal title.

3. Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain.

4. The vendor withdrawing the property from sale.



The reservation fee levels are as follows:

an agreed offer under £500,000 will be £750 inclusive of vat

an agreed offer between £500,000 and £1,000,000 will be £2,000 inclusive of vat

all agreed offers over £1,000,000 will be £3,000 inclusive of vat



The reservation fee is payable upon acceptance by the vendor of an offer from a buyer and a positive completion of an assessment of the buyer’s financial status and ability to proceed.

Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and the reservation fee retained. For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property.



Once the reservation fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be levied on any subsequent reduced offer that is accepted by the vendor. This further fee will be subject to the same conditions that prevail for all reservation fees outlined above.