1 bedroom apartment
Key information
Features and description
- Tenure: Leasehold (115 years remaining)
- For sale by auction on the 5th February 2025
- Guide price £20,000
- One bedroom first floor apartment
- Currently generating £5,700 gross income pa
- Great addition to a rental portfolio
- Located in the heart of Pontefract
- Council Tax band A - EPC rating C
Video tours
The property is currently tenanted generating a gross rental income of £5,700 per annum reflecting a 28.5% gross yield return based on the guide price. This property would make a great addition to a rental portfolio.
Located in the heart of Pontefract town centre, close to all amenities.
Leasehold information:
Lease Length - 125 years from 1st January 2016
Ground Rent - £350 per annum
Service Charge - £3,093.42.
Please note: a 14 day completion period applies to this lot.
Rooms
ACCOMMODATION
First Floor
Lounge/kitchen area, bedroom and bathroom.
ADDITIONAL INFORMATION
Council Tax
Band A.
EPC Rating
C.
Tenure
Leasehold.
Disclaimer
Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.
Charges & Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT.
Buyer’s Premium: £900 inc VAT.
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Property information from this agent
About this agent
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been auctioneers since 2009 and hold seven multi-lot auctions each year at Leeds United FC’s Elland Road Stadium. We work closely with major estate agents
Manning Stainton and Ryder & Dutton – together they help us provide the best service possible throughout Leeds, Wakefield, Pontefract, Harrogate, Bradford,
Castleford, Keighley, Halifax and Huddersfield. Our service is second to none, we are the local experts with auctions of circa 50 lots, mainly resi... Show more