With yesterday's flat gone already, here's another one about to hit the market that's well priced and will appeal to someone as an investment option.It's in Swinford Hollow, Little Billing - which is a better postcode than yesterday, has 2 bedrooms, and will be advertised next week at £112,500. It's leasehold - 94 years remaining and around £1200 payable annually so we're advised. Rather than being in a block this is more of a maisonette type arrangement where there's one flat upstairs (this one) and another downstairs - no big block.
The flat is tenanted at £500PCM with a nice tenant who's been there for some years. The market rent for something like this is £650PCM and the low rent reflects the fact that whilst the flat is very clean and tidy internally it's quite dated in terms of its fixtures and fittings, and also that the current owner doesn't believe in pushing rental figures to anywhere near their maximum for good quality tenants.
She's being sensible with her sale price too - £112,500 is cheap for this sort of flat even if it will need updating before long - there's an identical property on the same road on the market for £129,995 - so it's advertised at £112,500 and will sell at that price.
We'll be selling this one and we also manage the current tenancy, so and questions, please ask away. I don't have internal pictures, but my summary of clean, tidy, but dated is a fair one. richard.baker@belvoir.co.uk.
