1 bed flat for sale

Lowedges Drive, Lowedges, Sheffield S8

Located in the residential area of Lowedges Drive, this charming one-bedroom ground floor flat presents an excellent opportunity for both investors and first-time buyers. Offered for sale with no onward chain, the property is currently tenanted, generating a monthly rental income of £550, which equates to a remarkable gross yield of 9.5%.

The flat is neutrally decorated throughout, providing a blank canvas for personal touches. Upon entering, you are welcomed by a communal entrance leading to your private entrance. The spacious living room is complemented by a separate kitchen, which is equipped with a wall-mounted gas-fired combination boiler, as well as ample space for a cooker and matching wall and base units, making it both functional and inviting.

The double bedroom features built-in storage, ensuring that space is maximised, while the bathroom is fitted with a clean, white suite, offering a fresh and modern feel.

This property not only serves as a sound investment but also as a perfect starter home for those looking to step onto the property ladder. With its convenient location and attractive features, this flat is sure to appeal to a wide range of buyers. Don’t miss the chance to make this delightful property your own.

General Remarks

General remarks
Tenure

This property is long Leasehold with a term of 125 years from 03/04/2005 at a ground rent of £10 per annum.

Service Charge & Block insurance
There is a service charge payable of approximately £285 and a block insurance premium of £136.26 per annum.
Rating assessment

We are verbally advised by the Local Authority that the property is assessed for Council Tax purposes to Band A.
Vacant possession

Vacant possession will be given on completion and all fixtures and fittings mentioned in the above particulars are to be included in the sale.
Mortgage facilities

We should be pleased to advise you in obtaining the best type of Mortgage to suit your individual requirements.

Your home is at risk if you do not keep up repayments on A mortgage or other loans secured on it.

Anti Money Laundering

By law, we are required to conduct anti-money laundering checks on all potential buyers and sellers, and we take this responsibility very seriously. In line with hmrc guidelines, our trusted partner, Coadjute, will securely manage these checks on our behalf. Coadjute will send a secure link for you to complete the biometric checks electronically. A non-refundable fee of £54 inc. VAT per person will apply for these checks, and Coadjute will handle the payment for this service. These anti-money laundering checks must be completed before we can set your property live.