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A spacious and well presented 2 bedroom first floor apartment (678 sq ft, source EPC) with an allocated parking bay. Let on an AST producing £520 pcm, equivalent to a gross yield of 9.9% against the guide price.

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Description/Location

Forming part of a small, purpose built block with EWS1 certification and close to local amenities. The apartment benefits from a private entrance, double glazing and spacious rooms. The layout with 2 double bedrooms, sitting room and separate kitchen would function well as a 3 room HMO. The front door and hallway only service the apartment and the parking bay is adjacent to the front door. An ideal "turn-key" investment that has been well managed and is let on an AST (periodic) at £6240 pa with no arrears.

Tenure

Leasehold: 999 years from 01/01/1989, ground rent peppercorn.
Energy Rating: D

Local Authority

Cambridgeshire County Council

Viewing

Please contact Elliott Network Auctions on 01923 240420

Accommodation

Ground Floor: Private front door and entrance hall with stairs to first floor. First Floor: Front door to entrance hall, sitting room, kitchen / dining room, 2 double bedrooms, bathroom. Outside: Communal grounds, visitor parking, reserved parking bay.

Rent

Current Rent: £6240 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.