Guide Price: £120,000.00
Located in North Walsham and close to local transport links, is this one bedroom ground floor apartment with private entrances, enclosed gardens and allocated parking for two vehicles.
The property is an ideal investment opportunity, which is currently achieving £525pcm rental income, generating a 4.5% yield.
The current owner has confirmed there is a 973 year lease with the property and that no ground rent or maintenance charges are not applicable for this property.
Whether a rental purchase or a first time buy, this property would prove to be a sound investment with longevity on side.
Within the last 12 months the current owner has renewed the carpets, modernised the bathroom and redecorated. With your own private entrance leading from the front garden surrounded by mature hedging, you also have your own exit entrance leading into your own private and enclosed rear garden.
The property benefits from double glazing and electric panel heaters, along with a front porch, double size bedroom, separate kitchen and lounge living space, you really would be purchasing a lovely ground floor apartment.
ENTRANCE HALL Approaching from the front garden and step up via the double glazed UPVC glazed front door, you enter the enclosed glazed UPVC framed hallway with carpet flooring. Door leading into lounge -
LOUNGE Upon entering via a glazed panel door, you have a front facing UPVC double glazed window overlooking the front garden, newly fitted neutral colour carpet flooring, TV and BT points, electric panel heater, pendant lighting, door leading into a further hallway -
HALLWAY Located in the middle of the apartment, the hallway has a newly fitted carpet flooring, pendant lighting, airing cupboard housing the water tank and shelving unit, doors leading into bathroom, kitchen and bedroom -
BATHROOM Bathroom comprising of a white, three piece, modern suite with wash basin, WC and bath, with white tile splashback and white painted walls. Modern style vinyl flooring sets the décor, along with a chrome electric heater and glass shelf unit. An extractor fan is installed.
BEDROOM A double size bedroom with alcove space area suitable for wardrobe unit, is situated to the rear of the apartment. A double glazed UPVC window is located to the back, overlooking the rear garden. Newly laid carpet flooring, electric panel heater and pendant lighting, makes this room a comfortable bedroom.
KITCHEN The kitchen is equipped with a range of light colour wall and base units with worktop over and stainless steel inset sink, along with an integrated electric cooker with hob. Vinyl flooring is laid for easy maintenance, and a double glazed UPVC window and external door is located to the rear overlooking the enclosed garden. There is space and plumbing for washing machine appliance and space for fridge/ freezer. Door leading to rear garden -
GARDENS & PARKING To the front of the apartment is the front garden, mainly laid to lawn with high hedge surround and shrubs within. and with a patio pathway leading to the front entrance from the road. To the rear of the apartment, you have a fenced garden mainly laid to lawn and with a few shrubs surrounding the boundary.
Allocated two parking spaces come with the property and is located to the side of the building, within a car park area.
ASKING PRICE £140,000
TENURE Leasehold property with a lease term remaining of 973 years. The current owner has confirmed no ground rent or maintenance charges come with the property.
SERVICES Mains electric and water, drainage system. Gas is located in the area, however, there are no gas mains connected to the property. North Norfolk District Council - Council Tax band A.
NOTE Currently let at an agreed monthly rental figure of £525pcm.
ENERGY PERFORMANCE CERTIFICATE EPC rating grade C. Report available upon request.
LOCATION North Walsham offers a wide range of shopping facilities, all academic levels of schooling including the Paston College Sixth Form, Victory swim and fitness centre, GP surgery and Cottage Hospital. There are good transport links to Norwich City Centre, which is 14 miles away and boasts large shopping centres and restaurants, The University of East Anglia and a International Airport.