Cornflower Drive, Springfield

2-bed Flat £150,000

Property description

** SHORT LEASE ** Investment opportunity to purchase this ground floor flat with approx 58 years remaining on the lease. Recently re-decorated throughout, looking for a buy to let property? Potential rent of £750pcm (5.8% gross yield). CASH BUYERS SOUGHT.

Agents summary
Home Partnership in Chelmsford are pleased to be offering for sale this two bedroom ground floor flat situated in the popular Springfield area. Inside, there is an entrance hall, lounge/diner, kitchen, two bedrooms and a bathroom. We have been advised there is 58 years left on the lease (99 years from 1976) so cash buyers are sought. The Springfield area has a range of local shops, stores, Doctors, primary and secondary schools and is on a bus route to the City centre and railway station.

Communal entrance
Stairs leading to all floors, entrance door to:

Entrance hall
Airing cupboard, doors leading to both beds, the lounge/diner and bathroom.

Lounge/diner 3.45m (11'4') x 4.88m (16'0')
uPVC double glazed window to rear, electric heater.

Kitchen 2.62m (8'7') x 2.57m (8'5')
Stainless steel single drainer sink unit, roll-edged work surfaces with inset hob, range of cupboards and drawers below, space for washing machine and fridge/freezer, unit housing the oven, range of eye level units, built in storage cupboard, uPVC double glazed window to rear.

Bedroom 1 3.81m (12'6') x 2.82m (9'3')
uPVC double glazed window to front.

Bedroom 2 2.79m (9'2') x 2.21m (7'3')
uPVC double glazed window to front.

Bathroom
Suite comprising: Low level w.c., wash hand basin, panelled bath.

Outside
The property is set within communal gardens with parking available for residents.

Leasehold Information
Length of lease 99 years from 1976 (58 Years remaining)
Maintenance charge £113.40pcm
Ground rent £75 per annum

THP1000081SDM


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Features

  • Short lease investment
  • Ground floor
  • Potential rent £750pcm (gross yield 5.8%)
  • Located near by to shops & schools
  • Good access to the A12 & A120
  • On a bus route to the City centre
  • uPVC double glazed windows
  • Electric heating
  • Set in communal gardens
  • Residents parking

Information

Calculate Your Stamp Duty

£

Results

Stamp Duty To Pay
£10,000.00
Effective Rate
2.5%
Tax Band % Taxable Sum Tax

Contact

Chelmsford
11 Duke Street
CM1 1HL
01245 250 222

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