2 Bedroom Flat for Sale

Name: Castles Estate Agents
Address: 1 Castle Street, Portchester, Fareham, PO16 9QD, GB
Telephone: 02394318899
Rating: 4.98

The Fairways, Farlington

Offers Over £170,000

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Key Features

TWO DOUBLE BEDROOMS
MODERN DEVELOPMENT
DRAYTON LOCATION
OPEN PLAN LIVING

ALLOCATED PARKING
LONG LEASE 137 YEARS LEFT
PERFECT FIRST TIME BUY
INVESTORS CAN EXPECT ?9000 P.A

Full Description

Castles are pleased to welcome to the market this ground floor two bedroom apartment with allocated parking in the popular location of The Fairways, Drayton.

The apartment occupies the ground floor of a modern complex and consists of two double bedrooms, bathroom and an open plan living space featuring a modern kitchen and lounge.

This property would make a great first time buy for anyone looking to get their foot onto the ladder.

This would also make a great investment purchase as the current tenant residing at the property is paying ?750 PCM which provides a gross yearly income of ?9000 per annum. The gross yield is 5.29% based on the current asking price.

The lease length is 137 year remaining.

For more information or to arrange a viewing please call Castles today.

Lounge/Kitchen - 6.56 x 3.26 (21'6" x 10'8") -

Bathroom - 2.48 x 1.64 (8'1" x 5'4") -

Bedroom One - 3.68 x 2.89 (12'0" x 9'5") -

Bedroom Two - 3.66 x 2.68 (12'0" x 8'9") -

Lease Info - LEASE: 137 Years Remaining

SERVICE CHARGE: ?1200 P.A

GROUND RENT: ?250 P.A

Financial Services - If you are looking to get a comparison on your mortgage deal then do let us know as we can put you in touch with some independent mortgage advisors that would be happy to help. It is always worth a last minute comparison before you purchase a property as the current deals can change weekly.

Solicitors - If you are looking for a solicitor to handle the conveyancing process then do let us know as we can point you in the direction of some local, well recommended companies that would be happy to help and provide you with a quote.