Guide price
£80,000
2 bed flat for saleHill Park Crescent, Mutley, Plymouth, Devon PL4
2 beds
1 bath
1 reception
EPC Rating: D
Auction
Share of Freehold
About this property
Top Floor Apartment
900+ Years Remaining on the Lease
Share of Freehold
Sinking Fund in Place - £1200 pa
A Fantastic Invesment Oppoortunity
An excellent opportunity for an investor to purchase this spacious top floor flat situated in a popular central location within walking distance of Plymouth University. With the current income of £850 per calander month, this property would make an ideal investment.
The accommodation comprises communal entrance, with stairs rising to the top floor apartment, entrance with further stairs rising to the hallway with access to the spacious living/dining room with superb city views, a fitted kitchen, two double bedrooms and a fitted bathroom suite.
The property also benefits from off street parking to the rear, a 6 year old boiler with 2 year warranty remaining & being offered to market with a share of the freehold, with £1200 charges a year which goes towards the sinking fund.
An internal viewing is highly recommended, to fully appreciate what this property has to offer!
Agents Notes;
Lease; 991 Years
Annual Service Charge; £1200 into sinking fund
Annual Ground Rent; £0
Share of Freehold
Terms and Conditions:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
The accommodation comprises communal entrance, with stairs rising to the top floor apartment, entrance with further stairs rising to the hallway with access to the spacious living/dining room with superb city views, a fitted kitchen, two double bedrooms and a fitted bathroom suite.
The property also benefits from off street parking to the rear, a 6 year old boiler with 2 year warranty remaining & being offered to market with a share of the freehold, with £1200 charges a year which goes towards the sinking fund.
An internal viewing is highly recommended, to fully appreciate what this property has to offer!
Agents Notes;
Lease; 991 Years
Annual Service Charge; £1200 into sinking fund
Annual Ground Rent; £0
Share of Freehold
Terms and Conditions:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Mortgage calculator
Monthly repayment
£400 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Share of freehold
Service charge
£1,200 per year
Council tax band
A
Commonhold details
.png){kind=logo}