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SOLD STC

Spa Road, Spa Court, GL1

PROPERTY TYPE

Apartment

BEDROOMS

1

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • 110 Year Lease
  • 1 Double Bedroom
  • 1st Floor with Balcony
  • 1 Bathroom
  • Open Plan Lounge & Fitted Kitchen
  • Electric Heating
  • UPVC Double Glazing
  • Close to Local Amenities
  • Potential Rent £695 pcm
  • Potential Rental Yield 9%

Description

CASH BUYERS ONLY (No EWS1 report completed) 

NO EWS1 REPORT, HOWEVER VENDOR WILL PROVIDE SURVEY REPORTING NO CLADDING OR COMBUSTABLE MATERIALS PRESENT IN BUILDING 

IDEAL FIRST TIME BUY OR INVESTMENT

POTENTIAL RENTAL INCOME – £695 pcm 

GROSS YIELD – 9.00% pa

TENURE – Leasehold
LEASE LENGTH – 109 years remaining
GROUND RENT – £50 pa
SERVICE CHARGE - £1092 pa

COUNCIL TAX BAND – A
EPC RATING – C (Potential B)

A Buyer’s Reservation Fee may apply.

Our client has advised that there are 110 years remaining on the lease. the ground rent is £50 per annum and service charge £1092 p.a. Potential rent £695 per calendar month (£8,340 per annum), providing a gross rental yield of 9.00% is achievable based on price.

In our opinion, this 1 bedroom, first floor apartment would make an ideal investment opportunity or first time buy. The property is well built and modern throughout, with one double bedroom, bathroom comprising of a sink, toilet, bath with overhead shower, spacious open plan lounge and fully fitted kitchen.

Further benefits include a balcony, electric heating, electric oven and hob with extractor fan and double glazing. Situated within GL1, the property is within walking distance to a number of local amenities, including shops, restaurants, transport links and health services and is offered 'chain free'.


Please note, there is no allocated parking with the flat.
1. MONEY LAUNDERING REGULATIONS - Intending purchasers are required to produce ID documentation pursuant to The Anti Money Laundering Regulations 2007 and Proceeds of Crime Act 2002. We ask for your cooperation to ensure there will be no delay in the progression of the sale.
2. These conditions do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such, must not be considered accurate or precise.
4. Potential buyers are advised to recheck measurements before committing to a sale.
5. MP has not tested any apparatus, equipment, fixtures, fittings or services. It is, therefore, the buyer's responsibility to check the working condition of any appliances.
6. MP is not required to verify the legal title of the property. Buyers are therefore expected to obtain such documentation from their solicitor.


EPC Rating: C

Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.

GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.

£50 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.

ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.

£1092

LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.

109 years left

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Spa Road, Spa Court, GL1

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Gloucester Station0.6 miles
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About the agent

Move Places Limited, Gerrards Cross

Suite 5, Europa House Gerrards Cross, SL9 8BQ

Move Places Limited, Gerrards Cross

Move Places is a revolutionary process which aims to transform the property selling process; allowing buyers and sellers to trade property within the convenience of their home. We take the stress out of the buying and selling process by making the whole process quick and easy. We specialise in helping buyers and sellers to exchange properties of all types, without the lengthy time, uncertainty and expense that comes along with advertising with a traditional estate agent.

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Disclaimer - Property reference 44e0511b-a2d6-48b0-869d-83124e3b450b. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Move Places Limited, Gerrards Cross. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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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