Tenure: Leasehold
Discover a delightful one-bedroom flat on Heather Avenue. Ideally located close to essential amenities, bustling retail hubs, and excellent transport links, this property combines convenience with comfort. Boasting a well-designed living space, a modern and efficient kitchen, and a cosy bedroom, it offers an attractive opportunity for both first-time buyers and savvy investors seeking dependable rental returns.
Please note that these details are intended as a general guide and should not be relied upon as the sole basis for entering into a legal contract or committing expenditure. Interested parties are encouraged to seek advice from their own surveyor, solicitor, or other professionals before proceeding.
Property Price | £110,000 |
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Deposit (25%) | £27,500 |
Mortgage (75%) | £82,500 |
Stamp Duty (5%) | £5,500 |
Total Capital Required | £33,000 |
Monthly Rent | £750 |
Annual Rent | £9,000 |
Mortgage Interest (4.5%) | £3,712.50 |
Net Annual Income | £5,287.50 |
Net Yield | 16.02% |
Note: Yield assumes an interest-only mortgage. Other costs (maintenance, management, insurance, voids) not included.
Considering this property as a buy-to-let? We offer a variety of property management options, including our highly popular Guaranteed Rental Income Scheme, which provides stress-free management while guaranteeing rent—even when the property is vacant!
EPC rating: D. Council tax band: A, Tenure: Leasehold, Annual ground rent: £25, Annual service charge: £541.19, Length of lease (remaining): 94 years 5 months,
Three Double Glazed Windows. Built-In Fireplace. Radiator.
Two Double Glazed Windows. Oven & Hob. Cupboard In Kitchen. Polycarbonate Sink & Drainer.
Two Double Glazed Windows. Radiator.
2 Double Glazed uPVC Windows. Ceramic Sink.