An attractive investment opportunity, offered with a tenant in situ currently paying £1,125 per calendar month. In our opinion, this property provides a strong rental return, representing an approximate gross rental yield of 16.9%.
This well-proportioned one-bedroom second-floor retirement apartment is situated within an established development.
The accommodation comprises a comfortable living room, separate kitchen, bedroom with built-in wardrobes and bathroom. The property also benefits from double glazing and electric storage heating, while residents have access to a communal lounge, laundry room and maintained communal grounds. Lift access serves all floors, with a guest suite also available for visiting friends and family.
Conveniently positioned for the shops and amenities of Waltham Cross, the development is also well placed for local road and rail transport connections.
Age Restrictions:
Residents must be aged 60 or over. In an instance where the property is occupied by a couple, one resident must be aged 60 or over and the other must be aged 55 or over.
Leasehold Charges:
Service Charge- approximately £1,670.26 every six months.
Ground Rent- approximately £518 per annum.
*These charges are both as advised by the vendor.
*This mortgage calculator is provided for general information purposes only. It's intended to provide you with an estimate of your potential mortgage payments and does not constitute an offer of finance or advice. The calculations are based on the information you provide and do not take into account your individual needs and circumstances.
The calculator does not include all the costs you will need to pay when taking out a mortgage. Your actual mortgage payments may be higher or lower than the estimates provided by this calculator. The interest rates used in the calculations are subject to change and may not reflect the actual rates available in the market.
Please note that the calculator does not consider changes in interest rates over time, early repayment charges, or any other fees and charges that may apply to your mortgage. You should always seek professional advice before making any financial decisions.
Remember, your home may be repossessed if you do not keep up repayments on your mortgage.
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Your estimated gross rental yield would be:
