1 Bed Apartment For Sale

*** LOOKING FOR A BUY TO LET INVESTMENT PROPERTY? *** LONG STANDING TENANT IN PLACE PAYING £630 PCM *** PRODUCING A VERY HEALTHY 6.9% GROSS YIELD RETURN *** NO VOID PERIOD SO RENTAL INCOME FROM DAY ONE *** MODERN PURPOSE BUILT ONE BEDROOM APARTMENT ***

Are you a buy to let investor looking to increase your portfolio? Or maybe you are new to buy to let investing and looking for your first investment property? either way, this one bedroom apartment within walking distance to Daventry Town Centre would be perfect.

The property is currently tenanted on a standard AST (assured shorthold tenancy) meaning the new landlord will benefit from rental income from day one with no void period to worry about. The tenant is also very settled in the home.

The current rent means that this property returns a very healthy 6.9% PA gross yield return. Market rent in the block of £675 PCM would increase this to 7.4% gross rental yield return PA>

Situated on the popular Royal Park Development on the edge of town the property briefly comprises, entrance hall, open plan kitchen diner with fitted washing machine and electric oven and hob, generously sized double bedroom with built in wardrobes and bathroom with shower over bath. Further benefits include double glazing through, secure access via intercom system and allocated parking.

Lease term - 125 years From 2004 - 106 Years Remaining
Service Charge - £1260 per annum - £105 PCM
Ground Rent - £300 per annum - £75 per quarter

This information should be verified by your legal representative prior to the exchange of contracts.

Currently the property is managed by Chelton Brown any potential investor has peace of mind, safe in the knowledge that all certificates and documents are in place.