1 bedroom Flat For Sale
£150,000 | For Sale
Belvoir are pleased to present this generously proportioned and well-designed ground floor studio apartment with a pleasant outlook, located within this prestigious purpose-built student development comprising a small block of exclusive apartments for full-time students. The property represents an excellent investment opportunity, offering secure and reliable rental income.
Primrose Lodge is a well-established and highly regarded student complex consisting of spacious, individually owned apartments. The development benefits from a range of security features including CCTV monitoring and a secure entry-phone system. Residents also have access to secure indoor bicycle storage, a communal bin store, landscaped gardens, a comfortable residents’ lounge, and a dedicated shared study area.
Situated in a convenient position at the end of Primrose Street, the development is within easy reach of the City Centre and nearby colleges, making it particularly appealing for student accommodation.
The accommodation comprises a bright and spacious open-plan living and sleeping area with a large window allowing for plenty of natural light, together with a built-in double wardrobe with mirrored sliding doors. The modern kitchen area is well equipped with a range of storage units, integrated fridge/freezer, washer/dryer, microwave combination oven, and electric hob. The particularly generous shower room is fitted with a contemporary three-piece suite including a shower cubicle, WC, and wash hand basin.
The apartment is currently tenanted until September at £1,100 per calendar month, providing immediate and reliable rental income, with an estimated market rent of around £1,200 per calendar month achievable from September onwards. EPC rating: B. Council tax band: A, Domestic rates: £1644.68, Tenure: Leasehold, Annual ground rent: £400, Known building safety issues or planned/required works: None at the time of listing. Planning permissions: None at the time of listing.
Kitchen area comprises integrated Microwave oven, fridge freezer, washer dryer, 2 ring induction hob and storage units.
The Shower room comprises a walk in shower unit, wash hand basin and low level WC, Heated towel rail. Alongside a wall mounted unit with mirror and shaver point.
Communal lounge room is shared with all apartments and hosts sofa, table and chairs creating an ideal social area.
Area to the rear of the property provides an enclosed area to study or socialise.
240 years remaining on the lease.
Annual Service Charge is £1,389.16 and is reviewed on an annual basis.
Ground rent is £400 per annum.
Landmark Collections require a form to be filled out each time the property is let and to get consent there is a fee of £120.
These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective purchasers. Belvoir Cambridge, its employees and its agents are not authorised to make or give any representation or warranty whatsoever in relation to this property. All information included, descriptions, images used and sales floor plans are for illustration purposes only.
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