Pascal Way, Letchworth Garden City
- PROPERTY TYPE
Flat
- BEDROOMS
1
- SIZE
485 sq ft
45 sq m
Key features
- One Bedroom
- First Floor
- Good Size Lounge
- Allocated Parking
- Additional Visitor's Parking
- Below Market Value
- Long Lease
- No Onward Chain
Description
The current tenant has kept the property in good decorative order throughout and features include a fully fitted kitchen, good size lounge and modern bathroom. There is also an allocated parking space at the front with visitors parking at the rear. The service charge is £1,300 per annum and the Ground Rent £100. The current rental income is £9,600, which based on the asking price of £130,000, would provide a gross yield of 7.5% with potential to increase to at least £10,800 per year in line with market rents, which would then increase the yield to over 8%.The selling price is considerably under market value with 1 bedroom flats in the area selling on average at around£170,000. The current landlord would consider offers too, based on a swift, cash transaction.
Brochures
Pascal Way, Letchworth Garden City- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Pascal Way, Letchworth Garden City
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