£75,000
1 bed flat for saleThe Croft, Lowestoft NR32
1 bed
1 bath
1 reception
EPC Rating: C
About this property
Prime location just a few minutes’ walk from Lowestoft Train Station and high street
One-bedroom flat ideal for first-time buyers or property investors
Spacious first-floor lounge with a fitted kitchen and room for standard appliances
Bright bedroom and bathroom with both
Strong investment potential with an estimated £700 pcm rent and 11.2% annual yield
Summary
Ready-to-go, well-positioned one bedroom first-floor flat in North Lowestoft; an ideal investment to add to the portfolio. Expected yield of 11.2%!
Description
Located just a few minutes' walk away from Lowestoft Train Station and the bustling Lowestoft high street, this one-bedroom flat within The Croft is an ideal first-time purchase for those looking to be based firmly in the heart of north Lowestoft, or investors searching for a well-priced, high yield earner.
The property consists of a private stairway leading to the landing. Featured on the first floor lays the spacious, orthodox shaped lounge with an accompanying kitchen, made up of fitted units, an appropriate work surface and fittings for traditional white goods. The bedroom is well-lit with views from the back of the property, and the bathroom contains both a bath and shower for extended choice and convenience. The rear of the property features a communal garden, shared with the unit below.
At an expected rental pcm of £700, the property at its list price would generate an 11.2% yield pa.
Lounge 11' 4" x 11' 4" ( 3.45m x 3.45m )
Double glazed window to front and side. Access to kitchen. Carpet flooring. Electric heater unit.
Kitchen 7' 10" x 5' 6" ( 2.39m x 1.68m )
Double glazed window to side. Tiled flooring. Fitted units and worktops. Sink and drainer. Space for electric oven. Space for fridge freezer. Cooker head.
Landing
Access to lounge, bedroom, and bathroom. Loft hatch access. Carpet flooring. Electric heater unit. Integrated storage cupboard.
Bedroom One 11' 2" x 8' 9" ( 3.40m x 2.67m )
Double glazed window to rear. Carpet flooring. Electric heater unit.
Bathroom
Double glazed window to rear. Vinyl flooring. Part tiled walls. Wc and wash hand basin. Bathtub with shower head unit. Electric heater unit.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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More information
Tenure
Leasehold (87 years)
Service charge
£350 per year
Council tax band
A
Ground rent
£50
Ground rent date of next review
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