2 bed flat for sale

Alma Road, Banbury OX16

For sale as an investment with A tenant in place.

A well presented two bedroom first floor apartment situated on a popular residential development close to the town centre and train station. The property offers en-suite bathroom to master bedroom, white goods, electric heating and allocated parking.

The property is currently let on a periodic AST. The property has a full rental and maintenance history over ten years and could offer a strong 6% return to capital.
Accommodation


Entrance hall: Door to front communal aspect. Built in storage cupboard.

Bedroom one: 12’4 x 10’10 Window to front aspect.

En suite: With suite comprising shower cubicle, wash hand basin and low level w.c.

Bedroom two: 10’6 x 8’5 Window to front aspect.

Bathroom: Comprising suite of bath, wash hand basin and low level w.c.

Sitting/dining: 12’10 (max) x 11’10 French doors to front aspect with Juliette balcony.

Kitchen: Window to rear aspect. With range of modern timber effect floor and wall mounted units with contrasting worktops over. Four ring electric hob with oven below and extractor hood above. Freestanding washing machine and fridge/freezer.

Heating: Electric heating.

Parking: Allocated parking.

Council tax: Band B

Tenure Leasehold. Lease term believed to have commenced in 2005 for 155 years.

Ground Rent Currently £250 per annum

Service Charge Currently £2,082 per annum reviewed annually.

Services Currently connected to mains water, gas and electricity.

Local Authority Cherwell District Council

Viewings Through Chattel House.

Price £179,995 Leasehold