Property Description

High yielding residential investment property. Offered for sale at a very attractive guide price is this well equipped, first floor, student style flat set in a beautiful Grade II listed detached property, situated within easy reach of Crookes Valley Park, Universities and Hospital. Interestingly, this charming detached property has been converted into 102 rooms with clusters of three, five and six bedrooms all with communal facilities. In brief, the accommodation consists of ground floor communal entrance with staircase. Flat five can be found on the first floor, comprising of a communal passaged hallway, shared open plan living kitchen area with built-in-appliances, and double bedroom with en-suite shower room. The property is currently let at £390 pcm on a rental agreement from 17/01/2025 - 17/07/2025. Utilities are paid directly by the tenant to the management company.

Leasehold Information

The vendor has advised the ground rent is £330.15 per year. The service charge is £1,195.82 payable Jan - Jun and £1,195.82 payable Jul - Dec. 999 years commencing on and including 1 January 2012 and expiring on 31 December 3011. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Additional Information:

Construction Material: Standard brick. Heating: Electric, room heaters. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT and Sky show as available in this area.

Tenure

Leasehold

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