Burns Road, Loughborough, Leicestershire

£100,000

1 Bedroom Apartment for sale in Leicestershire

1
  • Fantastic Studio Apartment
  • Investment Purchase with 8.1% Gross Yield
  • Annual Rent of £8,100
  • Recently Fully Refurbished
  • Contemporary Kitchen & Bathroom
  • Light Corner Position
  • Partially Enclosed First Floor Balcony
  • Energy Rating D
  • Council Tax Band A
  • Tenure Leasehold

Located in this pleasant apartment complex of low rise apartment buildings is this fully refurbished and well presented first floor studio apartment with its own private secure first floor balcony. The property is available as an investment purchase with a current tenant in situ paying an annual rent of £8,100, equating to a Gross Yield of 8.1%. The property has been recently fully refurbished with neutral decoration and flooring throughout and a contemporary fitted kitchen and bathroom. The property sits in a corner position, overlooking communal ground to the front and side elevations and benefits from a good degree of natural light. Ideally located within close proximity of bus links, the university and Loughborough Hospital as well as close proximity to the Skylink stop. This purpose built studio apartment is an ideal investment purchase.

Entrance Hall With access via a composite door, staircase rising to the first floor landing.

First Floor Landing There is a contemporary electric radiator, built-in cupboard which houses the hot and cold water tanks and further storage, doors off to:

Living Area A beautifully light space benefitting from a dual aspect with seated bay window to the side elevation and fully glazed sliding doors with access onto a first floor external balcony. There is space for living room or dining room furniture and a wide opening through to the bedroom space.

Bedroom Space With uPVC window to the front elevation and wall mounted electric radiator.

Kitchen A fully fitted and contemporary kitchen comprising a range of high gloss wall and base units with tiled splashbacks to the walls, tile effect vinyl flooring. Built into the kitchen is an electric oven with four ring induction hob, built-in fridge and freezer and freestanding space for a washing machine, uPVC window to the rear and space for a small table and chairs.

Bathroom Having been refitted, there is a panelled bath with electric Mira shower over and glass screen, wash hand basin, vanity unit and toilet, modern tiling to the walls and tile effect vinyl floor, obscure glazed window to the rear and chrome towel heater.

Outside The property has its own first floor private balcony with views to the landscaped communal grounds beyond. Parking is in a car park with one unallocated car parking space. There are also pleasantly landscaped communal grounds that the occupants have enjoyment and use of.

Services & Miscellaneous We understand the property is leasehold with a lease until 2225. The flat is subject to a quarterly management fee which includes communal and grounds maintenance at £321 per quarter.

It is our understanding the property has mains water, electricity and drainage and there is no connection to gas. The property is heated by modern wall mounted electric radiators. The property is currently let on an assured shorthold tenancy at passing rent of £675 per month which is £8,100 per annum. This represented a Gross Yield of 8.1%.

Extra Information To check Internet and Mobile Availability please use the following link:
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Important Information

  • This is a Leasehold property.

Property Ref: 55639_BNT250264

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