Studio for sale
Key information
Property description & features
- Investment Opportunity
- 7.26% gross yield current rent £575 pcm
- Tenancy on monthly rolling contract
- Sold furnished
- Lease term: 150 years from 2007
- Council tax band A
- EWS1 Compliant B1 rating
- Third floor apartment
- Balcony
- Total area: 28m2 / 301 sq.ft
INVESTMENT INFORMATION The property is sold with a tenant in situ. The tenancy is on a monthly rolling basis.
Current rent £575 pcm
The property is rented furnished and will be included in the sale, an inventory is available on request,
LEASEHOLD INFORMATION Lease term: 150 years from 1st January 2007
Ground rent £335.98 pa (reviewed every 10 years at RPI next review 2027)
Service charge for 2024 £1,081.85 pa (includes building insurance)
The development has a valid EWS1 certificate with a B1 rating.
THE APARTMENT The property comprises; entrance hallway with storage cupboard housing the hot water cylinder and washing machine. Opening into the open plan living area. Wood laminate flooring throughout and sliding patio doors lead to the balcony.
Open plan Kitchen with a range of fitted modern units, integrated appliances include; electric oven, hob and fridge with freezer compartment. The property currently has a sofa bed but has plenty of space if a tenant wanted to bring their own bed.
The shower room is partly tiled with thermostatic shower, hand basin, w.c. and chrome heated towel rail.
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Property reference 100678004552. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Martin & Co - Leeds City.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 24, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 24, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on November 9, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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