Studio for sale
Key information
Property description & features
- Studio apartment
- 1st Floor
- Communal gardens
- Off road parking
- 168 Year Lease
- No Chain
- Potential 7.25% investment yield
Newmarket renowned as the British Headquarters of horse racing offers an interesting and varied range of local shops and amenities. These include the National Horse Racing Museum, a twice weekly open air market, hotels, restaurants and modern leisure facilities. There is a regular railway service to London’s Kings Cross and Liverpool Street stations via Cambridge. An excellent road network links the region’s principal centres, including the University City of Cambridge and the historic market town of Bury St Edmunds, both approximately 13 miles from Newmarket.
This 1st floor studio apartment offers practical accommodation which benefits from UPVC double glazed windows. It is considered an ideal property for a first time buyer or alternatively a good investment purchase.
For the investor this property could potentially generate an annual yield of about 7.25%.
Ground Floor
Communal entrance hall and staircase to the first floor.
First Floor
Sitting Room/Bedroom 4.44m (14'7") x 2.64m (8'8")
With an entrance door, UPVC double glazed window to the rear and side, electric heating.
Kitchen 2.60m (8'7") x 1.46m (4'9") max
Fitted with a range of base and eye level units, stainless steel sink with single drainer and mixer tap, plumbing for washing machine, space for fridge, electric hob with extractor hood over, uPVC double glazed window to rear aspect, tiled flooring, built in storage cupboard.
Bathroom 2.88m (9'6'') x 1.60m (5'3'')
Fitted with a three piece suite comprising of a bath with shower over, wash hand basin with mixer tap and tiled splashback, low-level WC, electric fan heater.
Outside
The property is set within communal gardens laid to lawn. The is also a communal car parking area.
Tenure
The property is leasehold.
Annual Ground Rent: £0
Annual Service Charge: £500 (approx. which includes buildings insurance)
Lease length: 168 years
Services
Mains water, drainage and electricity are connected.
Council Tax Band: A West Suffolk District Council
Viewing: Strictly by prior arrangement with Pocock & Shaw. PBS
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on May 25, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on May 25, 2022
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Energy Performance data and Internal floor area: obtained on July 10, 2020 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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