McCarthy & Co Estate Agents

Torquay Torquay Torquay Torquay Torquay Torquay
Torquay
 

Torquay

  • Price

    £49,950

    Description

    A spacious one bedroom, ground floor flat in villa property converted into several individual flats and located only minutes to Torquay town centre, regular bus routes around and out of Torquay and a steady twenty minute walk to Torquay harbour. The flat requires some basic refreshment but has great room sizes, high ceilings and gas central heating. An ideal first time buy or superb Buy to Let investment as we would expect to achieve a rent in the region of £500 per calendar month giving a gross yield of 8.83%. Viewing recommended.

    HALLWAY
    12'1 x 6'9 Main flat front door, built in storage cupboard, entry phone, wall mounted cupboard housing electric meter and fuse box, power points. THIS AREA WOULD LEND ITSELF TO BE A VERY HANDY STUDY AREA.

    LOUNGE
    15'8 x 14'6 Large wooden sash window, gas central heating radiator, TV aerial point, power points.

    KITCHEN
    8'0 x 7'7 Basic range of wall and floor units, work surfaces, sink unit with mixer taps, built in electric oven and gas hob, wall mounted Ideal combination boiler, space and plumbing for washing machine, space for under counter fridge, two small wooden sash windows, power points.

    BEDROOM
    14'0 x 9'3 Two wooden sash windows, gas central heating radiator, power points.

    BATHROOM/WC
    Champagne coloured suite comprising panelled bath with mixer taps and shower attachment, pedestal wash hand basin, low level WC, metal framed window with obscure glass, gas central heating radiator, extractor fan.

    COMMUNAL GARDENS
    Maintained communal gardens at side and rear of block.

    PARKING
    This flat comes with the use of one specific parking bay but is not registered on the title of the property. This is not uncommon in case of future parking space changes due to management of building.

    LEASE
    125 years from 25th March 2007 giving approximately 114 years left unexpired.

    GROUND RENT
    Currently £200 per annum and doubles every 25 years.

    SERVICE CHARGE
    We are advised that £285.14 per quarter covers buildings insurance and maintenance. A Section 20 consultation has taken place and each flat/leaseholder will be responsible for an additional payment of £13024.89 for extensive exterior refurbishment works to the building. Any purchaser will need to make allowance for this amount in addition to any price agreed for the purchase of the flat.

    COUNCIL TAX
    Band A - Currently £1154.46 per year. Single occupants benefit from a reduction to £865.85 per year.

    PRICE £54,950 - Leasehold

  • Attributes

    • Chain Free
    • Parking Space

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