Property Details: - Type: Studio - Bedrooms: 0 - Bathrooms: 1
Agent: Chosen Estate Agents - Churchdown Phone: 01452 679808
*Cash Buyers Only* An excellent opportunity to acquire this first-floor studio apartment in Churchdown, offering an attractive proposition for an investor or cash purchaser looking for a property with the potential to add value through modernisation.<br/><br/>The apartment is currently in need of updating and modernisation throughout, but offers a good-sized sitting room/bedroom, separate kitchen, bathroom and wash room. Once refurbished, the property should provide a particularly appealing rental opportunity within the Churchdown market.<br/><br/>Based on comparable rental levels and the anticipated finished condition, we would expect the property to achieve approximately £600–£625 per calendar month once modernised. At a rental price of £625pcm, this would represent a gross rental yield of approximately 10.71%, before allowing for running costs, maintenance, void periods or other associated expenses.<br/><br/>The property also benefits from a dedicated parking space, which is a valuable addition for both future tenants and potential resale.<br/><br/>Another notable benefit is the particularly low annual service charge, currently approximately £200 per annum. This is considerably lower than the service charges often associated with apartment living and helps to keep the ongoing costs of ownership relatively low.<br/><br/>The accommodation comprises an entrance hall leading into the main sitting room/bedroom, with a separate kitchen, bathroom and wash room. While the property would benefit from modernisation, it offers plenty of scope for improvement and could be transformed into a comfortable and appealing studio apartment.<br/><br/>The property is offered with no onward chain, allowing for a potentially straightforward purchase for a cash buyer.<br/><br/>Please note that the property is only available to cash purchasers and is not suitable for mortgage finance.<br/><br/><b>Agents Notes</b> - Freehold.<br/>EPC Rating: D65<br/>Tewkesbury Borough Council Band: A<br/>Mains Electric and Water are connected.<br/>Fibre Broadband is available in the area.<br/><br/>Lease Information: <br/>125 years from 1985 - 79 years remaining. <br/>Service Charge of Approx. £200 per annum<br/><br/>
