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1 bedroom apartment for sale

Perry Bower House, Upton Upon Severn

£125,000

Property Description

Key features

  • Double Glazing
  • Fitted Bathroom
  • Fitted Kitchen
  • Integrated Appliances
  • Off-street parking

Full description

Tenure: Leasehold

We are offering for sale an already tenanted investment opportunity within the newly renovated Perry Bower House on the outskirts of Upton which boasts of a gross yield of just over 5% based on the current asking price.

This property consists in brief: Private Entrance - Open Plan Lounge/Kitchen - Bedroom - Bathroom - Storage Cupboard - Newly Renovated - Currently Tenanted - Gas Central Heating - Double Glazed Windows - Efficient - Allocated Off Road Parking.

This apartment has been renovated throughout to a very high specification with quality fixtures and fittings. Modern living has been at the forefront of this development with an emphasis on efficiency and comfort for its occupants. The energy-efficiency score on this apartment is 77% which means that any bills are kept at a minimum and therefore, attractive to tenants.

There is a private entrance that leads into the open-plan lounge/kitchen which contains a well-designed kitchen with plenty of high and low level units along with integrated appliances including dishwasher, washing machine, cooker, fridge/freezer and microwave. The flooring is luxury, Oak-effect Karndean within the living area and bathroom and has LED lighting underneath the plinth in the kitchen.

The bedroom is large enough for a double bed and also has a built-in wardrobe with mirrored doors. The bathroom is fully tiled throughout and has a shower over bath, wash hand basin with Hansgrohe mixer taps and a W/C with concealed cistern.

The apartment is also equipped with television points that facilitate both Sky and Freeview through a communal aerial and dish along with a telephone point for phone and superfast broadband.

Perry Bower House is located within a very convenient part of Upton which is on the outskirts of the town, but a 5-minute walk into the centre. Despite its location being so close to the centre, the property is in a very quiet area with very little traffic. The property also benefits from allocated off-road parking for its residents along with a bike storage area.

Upton is a historic riverside town which offers its residents plenty of things to do and has a good selection of amenities. These include large, nationwide shops including Spar and Co-Op along with smaller, independent businesses which offer a wide range of products and services.

Transport links are also good from Upton with regular busses going to Worcester and Malvern. It is also very easy to get to the M50 and M5 which is perfect for anyone commuting to Cheltenham or Birmingham.

Although Upton is renowned for its flooding, this property has never flooded and has undergone an extensive flood risk assessment and also benefits from recently build flood defences nearby. Therefore, the chances of this property flooding are remote although the block is insured against flood damage which gives additional peace of mind.

Tenure
We have been advised (subject to legal verification) that the property is leasehold on a 125-year lease. The current service charge on this apartment is £44.77 per month which includes the block management fee and a long-term reserve. The current ground rent is £150 per year.


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Listing History

Added on Rightmove:
21 October 2016

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