The property is located in Folkestone, a town 74 miles South East of London situated just off Shorncliffe Road, in a small cul-de-sac of apartment blocks.
Within close proximity to the subject property, at either end of Shorncliffe Road there are an array of local shops, restaurants and bars. Folkestone central train station is only 0.5 mile east taking approximately 3 minutes by car or 11 minutes on foot.
The city of London is easily within commuting distance, accessible by rail and can be reached in approximately 55 minutes from Folkestone central.
The flat is situated on the first floor and the accommodation on offer comprises of lounge, kitchen, bathroom, double bedroom and a further single bedroom.
Externally there are well-maintained garden grounds. The property also benefits from having a single garage ideal for parking or for additional storage.
The fitted kitchen has base and eye level units with sink and drainer, cooker, fridge, freezer, washing machine and dryer. Bathroom comprising of 3 piece suite in white with low flush WC, wash hand basin and bath with shower over.
Property not measured
We understand the property has mains electricity, water and drainage.
Long leasehold – remaining number of years left on the lease to be confirmed.
The previous rent on this property was £634.81 per calender month, reflecting a yield of 6.6%.
There is scope to add value to the property by undertaking a basic course of refurbishment. The property could then be sold for a profit.
The property is rated in Council Tax Band B.
Ground rent – £100 per annum (Please see legal pack)
Maintenance charges – (2015/2016) – two 6 monthly instalments of £445.50
No VAT will be payable on the purchase price of the property.
Please note an inspection of the property has not been undertaken.
To view this property, please contact John Pye Property – email@example.com – 0115 970 6060
11 Cliffestone Court
✓ Investment Opportunity
✓ First floor flat
✓ Two Bedrooms
✓ Potential yield of 6.6%
✓ Previous rent of £634.81pcm (£7,617.72pa)
✓ Good transport links with Folkestone Central within 0.5m
✓ In need of modernisation
✓ Opportunity to increase capital value
Phone: 0115 970 6060
Our Ref: PR101