£160,000
2 bed flat for saleQueens Road, Aldershot GU11
2 beds
1 bath
1 reception
EPC Rating: C
Chain free
About this property
Share of freehold
No onward chain
Ideal investment
Central Aldershot location
Permitted on road parking
Renewed lease 999 years remaining
A ready made investment for a first time landlord or seasoned portfolio investor available to buy with no onward chain and with rarely available share of freehold. The property is ideally positioned in central Aldershot near to the shops, amenities and travel connections.
The accommodation comprises an entrance hall, spacious living room and separate kitchen, bathroom and two bedrooms. Externally there is a shared garden for residents and on road parking with permits operated by Rushmoor Borough Council.
The property would benefit from modernisation to achieve top flight rent of circa £1,200pcm - works would include a new kitchen, bathroom, replacing the floors and redecorating throughout. However, the property is currently in fair condition with a long standing tenant paying £815 a month. Currently the property as it stands achieves a healthy 5.7% yield, with 8.4% gross yield available subject to scale of improvement works.
The property is available with vacant possession.
The accommodation comprises an entrance hall, spacious living room and separate kitchen, bathroom and two bedrooms. Externally there is a shared garden for residents and on road parking with permits operated by Rushmoor Borough Council.
The property would benefit from modernisation to achieve top flight rent of circa £1,200pcm - works would include a new kitchen, bathroom, replacing the floors and redecorating throughout. However, the property is currently in fair condition with a long standing tenant paying £815 a month. Currently the property as it stands achieves a healthy 5.7% yield, with 8.4% gross yield available subject to scale of improvement works.
The property is available with vacant possession.
- Ground rent £0
- Service charge: £25 per month building insurance only
- Current lease: Share of Freehold with a renewed lease 999 years remaining
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