📈Investment Purchase, Saffron Walden
- PROPERTY TYPE
Ground Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
474 sq ft
44 sq m
Key features
- 🟢 Investment Purchase
- 🟢 Grade II Listed conversion
- 🟢 Rent: £12,000 PA
- 🟢 Gross Yield: 6.86%
- 🟢 Recently Redecorated
- 🟢 EICR valid for 5 years
- 🟢 Allocated parking
- 🟢 Visitor parking
- 🟢 Walk to town center
- 🟢 Chain free
Description
🔑The Spike🔑
This is a rare chance to own a piece of Saffron Walden's history. The Spike was built in 1835 to 1836 as the town's Union Workhouse and later became St James' Hospital and then the Saffron Walden Community Hospital. In the late 1990s it was sympathetically converted into homes, and today it is a handsome Grade II Listed building. This well presented ground floor apartment keeps that character while offering light, well proportioned accommodation: a private hallway, a generous living room, a fitted kitchen, a double bedroom with built in wardrobe and a bathroom, with views over the well kept communal gardens. Outside there is an allocated parking space plus visitor parking, and the apartment is offered chain free.
📈Investment Details 📈
Currently Tenanted: £12,000 PA
Service/Ground rent : £2,417.14 pa
Potential Yields: Gross: 6.86% Net: 5.48%
Tenure: Leasehold, 125 years from 1 February 1999, with approximately 97 years remaining.
📝Details📝
🟢 Investment Purchase
🟢 Grade II Listed conversion
🟢 Rent: £12,000 PA
🟢 Gross Yield: 6.86%
🟢 Recently Redecorated
🟢 EICR valid for 5 years
🟢 Allocated parking
🟢 Visitor parking
🟢 Walk to town center
🟢 Chain free
💬Why the current owners bought this house?💬
"It was the history that made me buy this apartment. You feel it as soon as you walk up to the building. The beautiful brickwork, arched windows and high ceilings give it a character you just won't find in a new build. My tenants have loved living here over the years, and being on the ground floor, it opens straight out onto the gardens. It has been a real pleasure to own and I look forward to passing it onto the next custodians.
📌Location📌
The Spike sits within easy walking distance of the center of Saffron Walden, one of north west Essex's best loved market towns. On your doorstep are independent shops, cafés, restaurants and the regular market, along with a nearby supermarket and bus stop. Audley End House and its grounds are close by, and Audley End station has trains to London Liverpool Street and Cambridge, with the M11 within easy reach.
👍Follow @Blacksheepresidential on Instagram and Facebook to see properties before anyone else!👍
Marketing Imagery Disclaimer
Please note that some property listings may feature images that have been digitally adapted to assist with visualization. These modifications may include virtual staging (adding or removing furniture and decor) or adjusting ambient elements such as lighting, time of day, and weather conditions.
These enhancements are for illustrative purposes only. We never alter, conceal, or modify the physical structure, fabric, or permanent features of any property.
Lounge
4.2m x 3.73m
Kitchen
3.06m x 2.04m
Bedroom
3.73m x 2.62m
Bathroom
3.06m x 2.04m
Hallway
Brochures
Investment_Brochure- 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: C
- LISTED PROPERTYA property designated as being of architectural or historical interest, with additional obligations imposed upon the owner.Read more about listed properties in our glossary page.
- Listed
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated
- GARDENA property has access to an outdoor space, which could be private or shared.
- Communal garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ground floor
📈Investment Purchase, Saffron Walden
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference FSD-96198674. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Black Sheep Residential, Covering East Herts & West Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.