This property has been taken off the market.

2 Bed Flat For Sale Agate Road, Clacton-on-Sea, CO15

£125,000- Flat

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Last Updated: 1st May 2024

Description

Blake & Thickbroom are pleased to be offering for sale this two bedroom first floor flat, conveniently located within Clacton's Town Centre and just a stones throw from the Seafront. The flat currently produces £675 PCM, giving an annual gross yield of 6.48% but offers scope for improvement to Circa £750PCM / 7.2% P/A.

Agent Notes:
Material Information for this property.
Tenure is Leasehold.
Council Tax Band A.
EPC E
Services Connected.
Electricity - Yes.
Gas - Yes.
Water - Yes.
Sewerage type - Mains.
Telephone & Broadband coverage - Yes
Prospective purchasers should be directed to website - Checker.ofcom.org.co.uk to confirm the coverage of mobile phone and broadband for this property.
Any additional property charges - Yes
We have been advised by the current owners there is the balance of a 999 year lease started in 2023.
Service charge is £1,032 PA. Ground Rent £250 PA.
None standard property features to note - No

Please note prospective purchasers must confirm with their legal representatives that the tenure and details are correct as Blake & Thickbroom have not seen sight of any formal lease or management pack.
Agent Details
Blake & Thickbroom
70, Station Road, Clacton-on-sea, CO15 1SP
Show Contact Number
01255 688 788

Investment Analysis

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Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested