1 bed flat for sale

21 North Street, Horncastle LN9

Fantastic opportunity for first time buyers or investors is this spacious 500 sq ft double bedroom ground floor flat with a 999 year lease, two allocated parking spaces and a courtyard, in an extraordinary convenient location for the centre of the well serviced historic market town of Horncastle and there is no 'upward chain'.

It also benefits from new 2024 UPVC double glazed sliding sash style rear windows and front sliding sash windows with professional secondary glazing (in a conservation area), night storage heaters on Economy 7, replacement internal doors, current electrical certification, door entry intercom telephone, ground rent of only £35 pcm that includes buildings insurance, a likely rental value of £500 per calendar month producing a gross yield of 8.5% and is only a council tax band ‘A.

The building is entered via a wooden six panelled period style door and the flat is on the ground floor with its own private entrance and consists of hall (having smoke alarm, intercom telephone for the main front door, coat rack, white six panelled doors off to the remainder of the property and slatted wooden doors to built-in double fronted full height storage/ airing cupboard), 207 sq ft lounge (with ceiling light and 2 wall lights), fitted kitchen (with range of base and wall units, space for electric slot in cooker, fridge etc), shower utility room (with fully tiled shower cubicle, pedestal hand basin with shaver light over, low level close coupled toilet, wall cupboard and space/plumbing for washing machine) and the master bedroom (with quintuple bank of built-in wardrobes including 2 x doubles).

To the rear of the property there are two allocated parking spaces next to each other, and courtyard with outside light, all accessed from adjacent Conging Street.

The purchaser will have a fifth share in the Management Company to have their say on any future building works etc. & have control of future fees.