2 Bedroom Flat for sale in Grantham, NG31
Sunningdale, Grantham, NG31£400,000
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Full Details for 2 Bedroom Flat for sale in Grantham, NG31 :
Located upon Sunningdale is this modern development of apartments that has become available and would represent a fantastic opportunity to return yields of 6% or more (subject to rent reviews etc). The FIVE APARTMENTS are split into 3 of 2 Bedroom layout and 2 of 1 Bedroom layout. All apartments have parking rights on the adjacent parking area, and communal areas for waste etc. The development has been well managed and owned since its conception in 2008 and has a full occupancy on Assured Shorthold Tenancies, the most recent to move in has been there over 14 months indicating that its a great place to live and a great place to own as a rental opportunity. Call Gavin at Newton Fallowell for more information.
CURRENT RENTAL INCOMES
Apartment 1 - £350.00 - tenancy began 2/3/12 - could be increased potentially on a formal rent review to £375Apartment 2 - £425.00 - tenancy began 30/9/14 - could be increased potentially on a formal rent review to £450Apartment 3 - £450.00 - tenancy began 19/6/15 - could be increased potentially on a formal rent review to £475Apartment 4 - £325.00 - tenancy began 31/3/12 - could be increased potentially on a formal rent review to £375Apartment 5 - £440.00 - tenancy began 7/11/12 - could be increased potentially on a formal rent review to £475
APARTMENT SQUARE FOOTAGES
Apartment 1 - 422 sq feet - 1 BedApartment 2 - 717 sq feet - 2 BedApartment 3 - 717 sq feet - 2 BedApartment 4 - 422 sq feet - 1 BedApartment 5 - 606 sq feet - 2 Bed
OWNERSHIP COSTS
Taken over the last 2 Years, these costs are typically as follows: Maintenance of exterior / cleaning & weeding of car park and landscaped areas: £ 600Landlord\‘s Electricity supply (car park lighting £ 650Buildings Insurance £1,750 Total £2,850 Allowance for Repairs (Very little as the building is only 8 year\‘s old) £ 500 Total £3,350 Internal costs: Maintenance, Cleaning of common parts (Twice Monthly) £500 Fire safety and other similar costs / Communal lighting £400 Total costs - 44% x £3,350 £1,475Internal Costs £ 900 Total £2,375
ENERGY RATINGS
The apartments all have an energy rating of D.
CURRENT RENTAL INCOMES
Apartment 1 - £350.00 - tenancy began 2/3/12 - could be increased potentially on a formal rent review to £375Apartment 2 - £425.00 - tenancy began 30/9/14 - could be increased potentially on a formal rent review to £450Apartment 3 - £450.00 - tenancy began 19/6/15 - could be increased potentially on a formal rent review to £475Apartment 4 - £325.00 - tenancy began 31/3/12 - could be increased potentially on a formal rent review to £375Apartment 5 - £440.00 - tenancy began 7/11/12 - could be increased potentially on a formal rent review to £475
APARTMENT SQUARE FOOTAGES
Apartment 1 - 422 sq feet - 1 BedApartment 2 - 717 sq feet - 2 BedApartment 3 - 717 sq feet - 2 BedApartment 4 - 422 sq feet - 1 BedApartment 5 - 606 sq feet - 2 Bed
OWNERSHIP COSTS
Taken over the last 2 Years, these costs are typically as follows: Maintenance of exterior / cleaning & weeding of car park and landscaped areas: £ 600Landlord\‘s Electricity supply (car park lighting £ 650Buildings Insurance £1,750 Total £2,850 Allowance for Repairs (Very little as the building is only 8 year\‘s old) £ 500 Total £3,350 Internal costs: Maintenance, Cleaning of common parts (Twice Monthly) £500 Fire safety and other similar costs / Communal lighting £400 Total costs - 44% x £3,350 £1,475Internal Costs £ 900 Total £2,375
ENERGY RATINGS
The apartments all have an energy rating of D.
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House Prices for houses sold in NG31 9SB
Stations Nearby
- Grantham
- 1.7 miles
- Bottesford
- 7.7 miles
- Ancaster
- 5.5 miles
Schools Nearby
- The Grantham Ambergate School
- 2.4 miles
- The Grantham Sandon School
- 0.9 miles
- The Ash Villa School South Rauceby
- 7.7 miles
- The Ash Villa School South Rauceby
- 7.8 miles
- Belton Lane Community Primary School
- 0.5 miles
- Grantham Harrowby Church of England Infant School
- 0.7 miles
- Belmont Community Primary School
- 0.5 miles
- Hill View Education Centre
- 0.7 miles
- The Priory Ruskin Academy
- 1.1 miles
- Kesteven and Grantham Girls' School
- 1.2 miles
