1 bedroom ground floor flat for sale

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1 bedroom ground floor flat for sale

Glendenning Road, Thorpe Park, NR1 1YN
£127,500

Our Summary

  • Prospective purchasers should be aware that there is the remainder of a 125-year lease from 1988 on this property however the purchase includes a share of the leasehold management company that owns the freehold which brings a number of benefits regarding renewals and potential lease enfranchisement

Description

This is a 1-bedroom ground floor flat located in a popular development within walking distance of the City Centre, Train Station, and Riverside Quarter. The flat features gas central heating, sealed unit double glazing, communal grounds, and an allocated car parking space. It is currently let at a monthly rent of £795 pcm and is being sold with the tenants in situ. The flat has a lounge/dining room, kitchen, bedroom, and bathroom, with a communal front door and entrance hall. The kitchen is fitted with modern appliances and has a wall-mounted gas fired boiler. The bathroom has a white suite and ceramic tiled floor. The flat is leasehold, with a 125-year lease remaining from 1988, and the purchase includes a share of the leasehold management company that owns the freehold. The service charge is approximately £65 per month, including buildings insurance, and the ground rent is set at £0. The flat is a great investment opportunity for investors, with a strong rental income and potential for long-term growth.