About the property

1 BED FLAT. INVESTMENT OPPORTUNITY 10% YIELD (NET OF MAINTENANCE CHARGES!) CURRENTLY LET ON AST TO EXCELLENT LONG TERM TENANT WITH POSSIBILITY TO CONTINUE EXISTING MANAGEMENT ARRANGEMENTS ON A DISCOUNTED BASIS IF REQUIRED. The flat is situated within a well maintained block just off the Washington Highway A1231 perfectly and centrally located for commuting throughout the north east. With valid EPC and Gas Safety Certificate, the property is currently let to an excellent long term tenant and monthly rent of £325 per calendar month is paid by standing order. Annual maintenance charges of approximately £840 are payable by the landlord which covers block/building insurance and building maintenance and repairs. Briefly comprising; Electronic secured gated entrance, on street parking, stairs to flat entrance, entrance hall, fitted kitchen, bathroom, lounge, bedroom. The lease is 125 years less 3 days 1/4/1986. A rental inventory exists with more details on which contents and appliances are included in the property and can be made available from the office on request. Viewing arrangements can be made by prior appointment by contacting the office.

Property at a glance

  • 1 BEDROOM APARTMENT
  • INVESTMENT PROPERTY
  • 10%+ YIELD
  • EPC RATING C
  • CURRENTLY LET ON AST £325PCM
  • MAINTENANCE CHARGE APPROX £840PA
  • FULL MANAGEMENT SERVICE AVAILABLE
  • NO CHAIN QUICK COMPLETION POSSIBLE

Contact agent

Contact agent

Good Life

Good Life House 46 Windsor Terrace

Sunderland

Tyne & Wear

SR2 9QF

United Kingdom

Tel: 0191 5656655

info@goodlifehomes.co.uk

Property Photos

EPC, Floorplans & Property Tour