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2 bedroom flat for sale
Scaltback Close, Newmarket, CB8
£170,000
Scaltback Close, Newmarket, CB8
£170,000
Our Summary
- This is a flat that combines a quiet location with practical living, offering a balcony, good-sized rooms, no ongoing service charges, and the potential for strong rental yield, all within easy reach of everything Newmarket has to offer
Description
This is a leasehold flat located on Scaltback Close in Newmarket, offering a rare opportunity for a low-maintenance and affordable living experience. The property boasts a 189-year lease, with no service charges, and a ground rent of £250 per year. With two double bedrooms, a light and airy living space, and a balcony, this flat is perfect for first-time buyers or investors. The flat is expected to generate a strong gross yield of 7-8% and has no allocated parking, but on-street parking is available. The location is quiet and convenient, with local shops and amenities within walking distance, and Newmarket town centre just a mile away. The property is close to schools, including Laureate Community Academy and Paddocks Primary School, and has easy access to Newmarket railway station and Cambridge. With its unique combination of practical living, no ongoing service charges, and potential for strong rental yield, this flat is an attractive investment opportunity.