3 bed flat for sale

New Road, Swanmore SO32

Tenure: Leasehold

Buy to let investors only – sold with tenants in situ

rental income – £1,000pcm
Potential rental income - £1,300pcm

Gross yield – 6.9%
Potential yield - 8.9%

Tenant in situ since – 28/02/2023
contract remaining – AST - Renewal due 27/2/2025
deposit paid – £1,153.84

tenure – Leasehold
lease length – 988 years remaining
ground rent – £0
service charge – £0

This property is a leasehold property, however, the freehold to the block of four properties is owned by the Church Mews Management Company. The company is made up of the four individual property owners, which at present, the vendor is one, so each vendor owns 1⁄4 of the freehold, and is administered at no cost, by one of the resident owners.

Annual charges for this year are £250 for the four owners, which pays for the block Buildings Insurance and a local gardener to maintain flower beds at the front and rear of the properties. Additional maintenance costs are on an as required basis. All costs are agreed prior to commitment by the four owners collectively.

Council tax band – B
EPC rating – C (potential - C)

We're pleased to be marketing this attractive, three bedroom duplex apartment located in the popular area of Swanmore, which benefits from easy access to the local schools and amenities

The property briefly comprises of kitchen with integrated appliances, living room, family bathroom, Large master bedroom with en-suite shower room, two further bedrooms . The property also benefits from allocated parking.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Mp has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Mp has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

A Buyer’s Reservation Fee forms part of any agreed purchase price. Please contact branch for more information.

EPC Rating: C

Location

Church Mews New Road, Swanmore - SO32 2RG