Church Street, KNIGHTON, Knighton, Powys

£50,000

Guide price

  • Bedrooms: 2
An opportunity to purchase an investment property with a tenant in situ in Barclay House in a convenient location in the heart of Knighton with easy access to the town and its amenities. The two bedroom flat is in an elevated position and overlooks the town and onto the countryside beyond and has been redecorated throughout.

Introduction

The flat is offered for sale with no onward chain and has a tenant in situ.

The accommodation comprises: entrance hall, living room, kitchen, two bedrooms and bathroom.

Property description

The flat is approached via the communal entrance lobby with an ornate staircase leading up to the second floor. The living room is a spacious room with a door leading into the fitted kitchen with traditional units and space for appliances and sash windows overlooking the town.

Bedroom one is accessed off the hall and has two sash windows with views onto the countryside beyond the town and the second bedroom has views onto Church Street. The bathroom is fitted with a traditional suite.

Location

The property is located in the town centre of Knighton (Tref y Clawdd) which is located in Mid Wales, and is a market town within the historic county boundary of Radnorshire, lying on the river Teme, with a railway station on the Heart of Wales line. The Offas Dyke footpath is a 177 mile National Trail footpath that closely follows the England/Wales border. It opened in 1971 from Prestatyn to Chepstow with Knighton sitting at the half way point with a visitors centre. Knighton has a primary school, supermarket, leisure centre and many other smaller independent shops. The larger market town of Ludlow, 16 miles has a wider variety of facilities and hosts the famous Ludlow Food Festival. The larger Spa town of Llandrindod Wells, 18 miles offers a further wider range of facilities.

Services

All mains services are connected to the property, the current owner has installed a new boiler since taking ownership. Powys County Council Tax Band A.

Investment opportunity

The flat is currently let out on assured short hold tenancy for £325 per calender month. Based on an average of this rent offset against the average sale price, investors would be looking to achieve in the region of 7.8% gross return on investment.

Agents Notes

We are informed that the flat is leasehold with a 300 year lease which commenced in 1991 (details can be provided). Ground rent is £200.00 per annum. Service charge is estimated at £480 per annum. The flat is currently let out on assured short hold tenancies for £325 per calender month.

Vacant possession can also be offered if required, in accordance with the tenancy agreement.

Directions

From our Knighton office, continue up Broad Street and Barclay House can be located opposite the clock tower. Proceed down Church Street for 20/30 yards where the entrance door to the building can be found.

CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008 (CPR) We endeavour to ensure that the details contained in our brochure are correct through making detailed enquiries of the owner but they are not guaranteed. The agents have not tested any appliance, equipment, fixture, fitting or service and have not seen the title deeds to confirm tenure. All measurements are quoted to the nearest 1/10 metre. All liability in negligence of otherwise for any loss arising from the use of these particulars is hereby excluded.

MONEY LAUNDERING REGULATIONS Require prospective purchasers to produce two original ID documents prior to any offer being accepted by the owners.

* Rightmove Intel - HR1, HR2, HR3, HR4, HR5,HR6, SY7, SY8 LD7, LD8

Arrange viewing 01432 507160

Cobb Amos

14 King Street, Hereford, Herefordshire

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