Ivatt House

The Sidings, Crewe, CW1

Tenure: Leasehold

Being sold with no-onward chain and with a tenant in situation is this spacious, top floor apartment, in a convenient location, close to Crewe town centre and a number of major employers such as Bentley Motors and Leighton Hospital.

If you are first-time investor or a landlord with a large portfolio, purchasing a property with a tenant in situation has many advantages. They include rent from day one, no high letting fees or void periods whilst referencing is done to name a few.

The current tenants are paying £565 per month, which generates £6,780 per annum which based on a purchase at £90,000 is just over a 7% yield on your investment. These apartments have proven popular amongst tenants since built in 2005 and there will always be demand for flats like this.

EPC rating: B. Council tax band: A, Tenure: Leasehold, Length of lease (remaining): 104 years 8 months,

Accommodation

The apartments have a communal front door each with intercom system and stairs to all floors, our apartment is on the top floor.

Our subject property has an entrance hall, an open plan living / dining and kitchen area, two generous double bedrooms and family bathroom. There is also an allocated parking space outside.

Lease Details

The lease is 125 years in length starting from the 1st of January 2005.

The service charge is £95 pcm and the ground rent is £170 per annum paid in two payments every six months. Total charges each year is £1,310.