Castle Locks, Castle Road, Kidderminster

£117,500

Guide price

  • Bedrooms: 2
Ready To Go Investment Property Producing Gross Yield of 6.13%. Rental £600pcm/ £7,200pa. Modern Two Bedroom Second Floor Apartment In Canalside Town Centre Development With Private Parking Space.

* 26' Open Plan Kitchen/ Living Room

* Canal Views

* Allocated Gated Parking Space

* Easy Walking Distance Of The Town Centre

Kitchen/ Living Room

7.95m x 3.20m (26'1 x 10'6 )

Bedroom One

4.19m x 3.91m (13'9 x 12'10 )

Bedroom Two

3.71m x 2.01m (12'2 x 6'7 )

Bathroom

not measured (not measured)

Castle Locks is an attractive canalside development of 46 apartments by London developes St Charles Homes, completed in 2015 and providing an attractive investment opportunity with a mixture of 1 and 2 bedroom apartments, many (including No.32) with views over the canal.

Situated on the second floor and with an allocated space in the residents private gated car park, this smartly presented two bedrrom apartment is presently let on an assured shorthold tenancy until end of May 2022, and is sure to be of interest to investors.

The present rent of £600pcm (£7200pa) provides an attractive gross yield of 6.13% with good long term demand in this ideal town centre location.

Please note that the property is marked as Plot 30 on the attached floorplan.

The developers' original specification included:

Contemporary Kitchens

Ceramic electric hob

Stainless steel electric oven

Stainless steel and glass chimney hood extractor fan

Integrated washer/dryer

Stainless steel inset sink & chrome mixer tap

Armitage Shanks white sanitaryware throughout

Stylish chrome taps & fittings

Elegant frameless bath screen

Modern splashback tiling

Thermostatically controlled shower mixer tap

Flush panel veneered doors with chrome furniture

Modern electric panel heating with individual timers

Sky+ wiring (subscription not included) to each property linked to communal satellite dish

TV points to all bedrooms

Stylish electrical switches and sockets

Phone handset entry system

Sheltered bicycle & motorbike parking

Mains gas, electricity, water and drainage are all connected and council tax is payable to Wyre Forest District Council, rated as Band A.

Tenure is leasehold subject to an annual ground rent currently £150 pa and an annual service charge currently £1020 pa.

Arrange viewing 01299 400555

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