Forest Court, Ulster Crescent, Newport, PO30

Full Description

Guaranteed £1,100 pcm let | Fully refurbished let Fully renovated to a standard rarely seen at this price, this bright and spacious two-bedroom apartment generates £1,100 per month, or £13,200 a year, which is a gross yield of 8.8% on the £150,000 guide price. With no refurbishment to fund and no works to manage, that income is largely yours to keep. No expense has been spared. The kitchen was stripped back to brick and rebuilt with integrated appliances, including a double fridge freezer, dishwasher and washer/dryer. Real wood flooring runs through the kitchen, living room and hallway, and fresh carpets and neutral décor in both double bedrooms give tenants a space they will want to stay in. The bathroom has been completely transformed, with a luxury bathtub, a new shower and twin mirrored cabinets. Homes finished this well attract better tenants, hold them for longer and are easier to re-let if a tenancy ends. The location does a lot of the work for you. The apartment is tucked away from the noise yet within walking distance of Newport Town Centre and St Mary's Hospital, and it sits between the island's major employers. Healthcare staff, professionals and families all need homes here, so demand for quality rentals is rarely in short supply. The two generous double bedrooms and large lounge/diner suit sharers, couples and small families alike, and the open, sociable kitchen is exactly what today's tenants look for. An allocated parking space, visitor parking and a well-kept communal garden add to the appeal. Running costs are low and predictable. The service charge is around £65 per month and covers all maintenance, the gardens and the reserve fund, ground rent is just £5 a year, and buildings insurance is around £35. With 964 years remaining on the lease, there are no lease-extension worries for you or your mortgage lender. The apartment can be bought fully furnished, so you can take on a complete ready-to-let package. Homes of this quality, at this price and with this return, do not stay on the market for long. Contact us today to arrange your viewing. Local Authority: Isle of Wight Council Council Tax Band: B EPC: TBC Tenure: Leasehold, 964 years remaining Ground rent: £5 per year Service: ~£65 pcm inclusive of all maintenance, garden's and reserve fund. Building insurance: ~£35 INTERNAL AREA Hallway 13’1 x 4’2 Reception: 14’2 x 12’3 Kitchen: 9’8 x 7’4 Bedroom 1: 12’6 x 9’7 Bedroom 2: 12’6 x 9’2 Bathroom: 7’6 x 5’9 EXTERNAL AREA Allocated Parking Space Visitor Parking Communal Garden