It's not often you can buy in Hillmorton for less
than £100,000 - so this 1 bed apartment with nominal service charge
will be of interest to investors. Better still it comes with a tenant in
it, paying £495 per month - that's an initial return of over 6%
before cost. It's less than 10 years old so requires very little in the way
of updating.
A ground floor maisonette set on a private road, accommodation comprises: Entrance hallway, double bedroom, shower room, open plan lounge / kitchen area with fitted gas hob and electric oven. With gas fired central heating, double glazing, designated parking space to the front and enclosed garden to the rear with decking area.
The vendor advises that service charges are £250 per
annum, and the lease is over 900 years. If you're shopping at the low
hassle / low risk end of the market, what's out there that's better than
this?