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    Sold STC

    Opportunity for Investors Only – Yield of 6.8% – Rosalind Drive

    £220,000Leasehold

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    Property Calculators

    Mortgage

    Estimated Monthly Mortgage Payment:
    £1,018 /mo.25 Years, 3.75% Interest
    Loan
    £198,000
    Total Repay
    £305,394

    Stamp Duty

    You’ll have to pay the stamp duty of:
    £1,900
    0% up to £125,000
    2% from £125,000 to £220,000
    Your effective stamp duty rate is 0.86%
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    ADDRESS 

    51 London Road,
    Rainham, Kent
    ME8 7RG
    t: 01634 386 665
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    Sold STC

    Opportunity for Investors Only – Yield of 6.8% – Rosalind Drive

    £220,000

    Flat
    1 Bedroom1 Bathroom1 Reception

    Key Information

    Tenure:Leasehold
    Service charge:£700 per year
    Ground rent:£250 per year
    Time remaining on lease:Not available
    Council tax band:C
    Broadband:up to 1800Mbps
    Mobile signal:*Based on indoor data coverage
    EEO2ThreeVodafone

    Key Features

    INVESTOR OPPORTUNITY
    TENANT IN SITU UNDER AST UNTIL NOV 2024
    APPROX 6.8% YIELD
    OVER 900 YEARS ON LEASE
    UNDER £1000 GROUND RENT & SERVICE CHARGE
    STUNNING ONE BEDROOM FIRST FLOOR (LIFT ACCESS)
    FULLY FURNISHED THROUGHOUT
    OVER 600FT OF ACCOMMODATION
    SECURE UNDERGROUD PARKING SPACE
    CALL NOW TO ASK ANY QUESTIONS OR ARRANGE A VIEWING

    Description

    INVESTORS ONLY - Stunning, fully furnished 1-bedroom luxury apartment - Tenant In Situ (Over 10 months remaining on AST)  Yield of 6.8%

    Over 600sq ft of meticulously designed space. It comes complete with top-notch amenities, furnishings, fittings, secure parking, and easy access to Maidstone's vibrant town centre and major motorways.

    INVESTOR OPPORTUNITY ONLY

    Boasting over 600sq ft, this sizeable accommodation is an excellent opportunity for an investor to purchaser this stunning one bedroom apartment. The property benefits from a Tenant in situ on an Assured Shorthold Tenancy until November 2024 paying £1,250pcm.  The property is offered fully furnished, and has the following provided for the Tenant;

    • Washer/Dryer
    • Dishwasher
    • Fridge/Freezer
    • Oven & Hob
    • Microwave
    • Kettle & Toaster
    • Living & Dining Furniture
    • TV and Unit
    • Cutlery
    • Lamps
    • Bed & mattress
    • Bedroom Furniture

    The fittings are of an exceptional standard with touch screen shower/bath, basin and mirror in the luxurious bathroom, a large double bedroom with mirrored wardrobe, and plenty of storage is available in the spacious hallway.

    The open plan living area is generous and well designed, with a fully fitted kitchen, complimented with modern lighting, a dining and lounge area with French doors leading to the private balcony with some lovely views across the green of Maidstone.

    The property also benefits from a secure underground parking space, gas fired central heating, video entry phone system, and being on the first floor, a convenient lift (which boasts a TV streaming the latest news).

    Amphion Place is one mile from the vibrant Town Centre of Maidstone, and conveniently located for easy access to the M20 and M2 Motorway Network. 

    Maidstone East and Maidstone West train station are approximately 0.7 and 1.3 miles respectively (walking), providing fast access to various London mainline stations.

     

    MATERIAL INFORMATION

    EPC: B

    COUNCIL TAX: C 

    LEASEHOLD: 999 years from and including 1 January 2019 

    GROUND RENT: Approx £250 (per annum)

    SERVICE CHARGES: Approx £700 (per annum)

     

     

     

    Viewings not available

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