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Under Minnow Road, Barnstaple EX31 1 bed flat for sale
Under Minnow Road, Barnstaple
£90,000
Under Minnow Road, Barnstaple
£90,000
Our Summary
- Investment Opportunity
- METHOD OF OFFERING: The property is to be sold by Public Auction on Friday 28th March 2025 (unless sold) at 3
- 00 pm at The Portmore Golf Park, Landkey Road, Barnstaple EX32 9LB MONEY LAUNDERING: Please note that any person buying or bidding at auction must produce documentation to confirm their name and residential address
- They are not necessarily figures which a property will sell for and may change an any time prior to the auction
- Each property will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the property for during the auction) which we expect will be set within the guide range of no more than 10% above a single price figure
- Auction, unless sold
Description
This investment opportunity is a first-floor, one-bedroom apartment located in a townhouse in the popular Pilton area of Barnstaple. The property is part of a four-apartment complex, with the owner's accommodation also on site. The apartment is approached from the rear of the property and features a shared courtyard and staircase leading to the flat. The property has a 999-year lease and is being sold with a tenant in place, paying £575 per month from November 2022. The lease also includes a ground rent of £50 per month and a service charge of £111 per month. The property is conveniently located near local shops, North Devon District Hospital, and the Tarka Trail cycle path, making it an attractive investment opportunity for those looking for a stable rental income.