Studio flat for saleLangdale Grove, NG13
Sold STC £40,000
- Good Investment Opportunity
- Previously let for £3,600 pa
- Potential 9% gross yield
- Highly regarded Market Town
- Studio flat
- Buy to Let investment
- Opportunity to increase capital value
- Would benefit from modernisation
- Double glazing
- Strong rental market
The property is located in Bingham which offers a wide variety of amenities. Bingham Market Place enjoys a range of shopping facilities, there is an outdoor market every Thursday, a doctors surgery, dentist surgeries and nearby as well as primary and secondary schools.
The nearby Vale of Belvoir is ideal for walking with picturesque villages, charming rural public houses and restaurants.
Bingham is well connected via local road and rail networks, connecting Nottingham, Newark and Leicester. The railway station and frequent bus services provide public transport and the A52 and A46 provides access to neighbouring towns and cities.
This ground floor studio apartment briefly comprises lounge/bedroom, kitchen, bathroom and dressing room. Situated in a popular residential area, it is sure to be of interest to property investors.
The lounge/bedroom has plastered and painted walls, laminate floor and uPVC double glazed windows. There is a a dressing room providing useful storage.
The kitchen has a range of base and eye level units together with stainless steel sink and drainer and laminate floor. The bathroom comprises wash hand basin, w.c. and single walk in shower.
The property would benefit from a course of modernisation.
We understand the property is connected to mains electricity, water and drainage
Leasehold - 120 years commencing 19 February 1982
The property was previously let on an AST basis for £300 per month (£3,600 pa), providing a gross yield of 9%.
Alternatively, investors may look to modernise the property then either rent out or sell on for profit.
The property is rated in Council Tax Band A.
More information from this agent
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