1 bed flat for sale

Main Street, West Ashby LN9

A well presented one bedroom ground floor flat situated in the village of West Ashby, just outside the popular market town of Horncastle and close to the southern edge of the Lincolnshire Wolds. The property has recently been refreshed and redecorated by the current owner and is offered for sale with No Onward Chain. The accommodation comprises an entrance hall, lounge/dining room, fitted kitchen, double bedroom, and bathroom. The property also benefits from allocated parking and a long lease, with approximately 963 years remaining. For investors, the property is considered capable of achieving rental income in the region of £650 per calendar month. Based on this rental figure and an asking price of £62,500, this would represent an approximate gross rental yield of 12.5%. Prospective purchasers should make their own enquiries regarding achievable rental values and yields.

Location West Ashby is a rural Lincolnshire village positioned just to the north of Horncastle and close to the southern edge of the Lincolnshire Wolds.

Horncastle offers a range of shops, supermarkets, cafés, public houses, and professional services, together with schools, medical facilities, and leisure amenities. The town provides a range of everyday facilities and is known for its independent shops and antique centres.The A153 provides access north towards the market town of Louth, while Horncastle also benefits from links via the A158 towards Lincoln to the west and the Lincolnshire coast to the east. This makes West Ashby a convenient location for those wanting a village setting while remaining within reach of Horncastle, Louth, Lincoln, and the coast.

Hall With vinyl flooring, uPVC double glazed door to the rear elevation and doors off to rooms.

Bedroom 1 8' 9" x 10' 2" (2.67m x 3.1m) With radiator, uPVC double glazed window to the rear elevation, built-in wardrobe space and airing cupboard housing the hot water tank.

Bathroom 11' 10" x 4' (3.61m x 1.22m) With tiled flooring, low level WC, wash hand basin, panel bath with mixer taps, overhead electric shower, tiled splashback and towel radiator.

Kitchen 11' 3" x 7' 3" (3.43m x 2.21m) With vinyl and tiled flooring, fitted with a range of wall and base units, integrated oven, electric hob with extractor hood over, integrated stainless steel sink with drainer, uPVC double glazed frosted window to the side elevation and built-in breakfast bar.

Lounge/diner 14' 10" x 18' 8" (4.52m x 5.69m) With radiator, uPVC double glazed bay window to the front elevation and electric fireplace.

Outside Outside there is a shared communal courtyard area and one allocated parking space.

Leasehold information We have been informed by the owner that the lease was granted for a term of 999 years from 3 April 1990 and expires on 3 April 2989.
Approximately 963 years remain on the lease.
Lease start date recorded: 26 January 2021.
The owner has also informed us that the combined ground rent / maintenance charge is approximately £30 per calendar month.
Prospective purchasers should ask their legal adviser to confirm the full lease terms, charges and any future review provisions before proceeding.