THE PROPERTY
Situated within the Kingsholm area and on the popular Alexandra Road, is this second floor one bedroom flat. It is set within a converted period building and is within reach of Gloucester's City Centre, the Rail Station and The Gloucestershire Royal Hospital.
The property is offered for sale with no onward chain. Should a prospective purchaser be looking to 'Buy to Let', we feel the likely rental figure is in the region of £800 pcm, generating an impressive yield of 8%.
There is a 13'1 (max) x 15'9 (max) l-shaped living room which has space for sofas as well as a dining table and chairs. The kitchen measures 13'8 (max) x 10'11 (max), is also l-shaped and was re-fitted by a previous owner. The bathroom has a white suite and an over-bath shower unit. There is a separate toilet and a 13'8 x 8'7 (to wardrobes and storage) bedroom which has a wardrobe and a storage cupboard built-in to the chimney breast recesses.
The property has a 20'6 loft area which is reached from the hallway via a pull down ladder and has power, light and storage plus the floor is boarded, the walls plastered and there is a velux style window.
The property is currently rented therefore it has a valid gas safety certificate and electrical installation condition report.
LEASEHOLD INFORMATION
As this property is a leasehold property you are likely to be responsible for management charges and ground rent. You may also incur fees for items such as leasehold packs and in addition you will also need to check the remaining length of the lease. We recommend you consult with your legal representatives on these matters at the earliest opportunity before making a decision to purchase and to confirm the accuracy of these statements.
The seller has informed us of the following information:
* Lease: 999 years from 29.09.1985
* Service Charge: Currently £600.00 per year
* Ground Rent: Currently £0 per year
AGENT'S NOTES
There is a marketing video and a detailed floorplan showing where measurements have been taken from.
What this property offers
No Onward Chain
Stamp duty due
Based on a sale price of £120,000 the total amount of stamp duty payable will be:
*
Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.