*Guide | £40,000 - £50,000 (plus fees)
- Studio
- 1 Bedroom
- Tenure: Leasehold.
Call the team on 01908 030127 for more information
** GROUND FLOOR STUDIO FLAT, CLOSE TO BEDFORD TOWN CENTRE, EXCEPTIONAL RENTAL YIELD POSSIBLE ** NEEDS UPDATING ** IDEAL GREAT VALUE PROJECT **
This ground floor studio flat requires some updating but offers excellent investment potential. With an impressive potential yield of up to 18% (based on guide price and market value), it represents a fantastic buy-to-let opportunity. Ideally located close to Bedford town centre and the railway station, the property is well positioned to attract strong rental demand. The accommodation is well-proportioned and comprises a 17ft studio room, a separate kitchen, and a separate bathroom. There is also potential to add significant value by way of future lease extension.
Tenure
Leasehold.
INSIDE
COMMUNAL ENTRANCE ENTRANCE HALL 7'2 X 3'1 KITCHEN 6'10 X 5'1 STUDIO ROOM 17'10 X 7'10 BATHROOM 6'10 X 5'0
OUTSIDE
RESDIENT CAR PARK (There is a resident car park to the rear, please refer to the lease and auction pack to verify any parking rights or arrangements.
LEASE DETAILS
With a 99 years from 1 November 1986. Lease Term Remaining 59 years. The seller advises there is a peppercorn ground rent and a service charge of £800 PA. Please refer to the legal pack to seek verification and confirmation of service charge and ground rent information.
Energy Efficiency Rating (EPC)
Current Rating F
Local Authority
Bedford Borough Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - The purchaser will be required to pay a buyers premium charge of £3000 (£2500 plus vat)
Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
