Property description
PICTURES TO FOLLOW SHORTLY - Located on one of Grantham's most sought after and popular roads and with its own OFF ROAD PARKING is this two storey maisonette that would make an ideal first time buy or investment producing a rental yield of circa 7%. The accommodation comprises of open plan Lounge and Kitchen, ONE DOUBLE Bedroom and a 4pc Bathroom. The property has UPVC double glazing and electric heating throughout. Outside there is a private garden, communal garden and off road parking. Viewing is essential to full appreciate.
Accommodation
Access via solid wood door to:
OPEN PLAN LIVING KITCHEN - 14' 1'' x 11' 10'' (4.29m x 3.60m)
With UPVc double glazed window to the side and rear aspect, wall mounted electric storage heater, work surface with inset stainless steel sink and drainer with mixer tap over, inset 4-ring stainless steel electric hob with stainless steel electric oven beneath and integrated extractor over, eye and base level units. A partially glazed door with stairs down to a landing area leading to:
BEDROOM - 13' 7'' x 10' 10'' (4.14m x 3.30m)
With two UPVc double glazed windows to the rear aspect, solid wood door to the garden, wall mounted electric heater, access into under stairs storage cupboard area.
BATHROOM - 11' 9'' x 7' 11'' (3.58m x 2.41m)
With wall mounted electric fan heater, a 4-piece white suite comprising low level w.c., wash handbasin, panelled bath and tiled shower cubicle with glazed shower screen and electric shower within, recessed spotlighting, integrated extractor and utility cupboard having space, plumbing and electrics for washing machine with the potential to stack a tumble dryer above if required. There is also an airing cupboard housing the hot water tank.
OUTSIDE
There is an enclosed garden with fencing to the boundary and patio. There is also hardstanding with timber SHED. There is allocated PARKING SPACE and pathway through a communal garden.
NOTE
There is a service charge payable annually at £35. The property is leasehold.
INVESTMENT DETAILS
This property is expected to rent between £350 and £375pcm.Rental yield example calculation. £375 x 12 months = £4,500 per annum income.£4,500 divided by a property purchase price of £62,950 = 7.14% annual yield.
COUNCIL TAX
The property is in Council Tax Band A.Yearly figures - 2014/2015 - £954.92
AGENT'S NOTE
Please note these are draft particulars awaiting final approval from the vendor, therefore the contents within may be subject to change and must not be relied upon as an entirely accurate description of the property.
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Image of garage/shed
Property Features :
- Two Storey Maisonette
- ONE DOUBLE Bedrooms
- Open Plan Lounge & Kitchen
- 4pc Bathroom
- UPVC DG & Elec Heating