DESCRIPTION Freshly decorated and beautifully presented, this First Floor Apartment is ideal for first time buyers, professionals seeking a convenient "lock-up-and-leave" home, or investors looking for a strong return, with a potential estimated yield in excess of 8.5%. Offered to the open market with no upward chain, this ready-to-move-into property combines modern living with everyday convenience. The accommodation briefly comprises an Entrance Hall with secure entry phone system, leading through to an Open Plan Kitchen and Living area. This sociable space opens onto a private balcony providing that all important outside space. The apartment features two well proportioned Bedrooms, including a principal bedroom with built-in wardrobes and En-suite Shower Room. A Bathroom with bath serves the second bedroom and guests. Further benefits include allocated parking, adding to the ease and practicality of this superb home. An excellent opportunity to secure a low-maintenance, high-appeal apartment in a strong rental location.
LOCATION Fernwood has a host of useful local amenities within the village, such as a local shop, village hall, sports field, a primary school, take away, bar and a public house set within walking distance of the development. The area has excellent road links onto the A1 and good access to a range of secondary schools towards Lincoln and Grantham. The historic market town of Newark-On-Trent is situated approximately 3.5 miles away from Fernwood Village which provides a wider selection of Independent retailers/high street shops, public houses, restaurants and eye-catching sites to see. There is also a generous selection of amenities in Balderton, including Sainsburys, Tesco Express, Lidl, Londis, a local post office, pharmacy, public houses and popular primary and secondary schools.
ENTRANCE HALL With built-in cupboard housing the electric boiler, wall mounted electric heater, laminate flooring, spotlights, secure door entry phone and doors to the kitchen living room, the bathroom and the two bedrooms.
KITCHEN LIVING ROOM 18' 4" x 12' 1" (5.6m x 3.7m) With uPVC double glazed windows to two elevations and uPVC double glazed sliding patio doors onto a private balcony. Kitchen is fitted with a range of wall and base units with a work surface incorporating a sink and drainer unit with a stainless steel mixer tap. Fitted oven, hob and integrated washer dryer, space for a fridge freezer and wall mounted electric heaters.
BATHROOM 6' 10" x 5' 6" (2.1m x 1.7m) Three piece white suite comprising a bath with a mixer shower attachment, low level WC, pedestal wash hand basin, tiled splash backs, laminate flooring, light with electric shaver point, spotlights, electric blow heater and extractor.
BEDROOM ONE 16' 0" maximum into recess x 9' 10" (4.9m x 3m) With uPVC double glazed window to the front elevation, built-in wardrobes, wall mounted electric heater and door to en-suite.
EN-SUITE 5' 2" x 6' 6" maximum into shower recess (1.6m x 2m) Fitted with a three piece suite comprising a shower cubicle with an electric shower, low level WC, pedestal wash hand basin, tiled splashbacks, laminate flooring, spotlights, light with electric shaver point, electric blow heater and extractor.
BEDROOM TWO 11' 5" into recess x 8' 10" (3.5m x 2.7m) With uPVC double glazed window to the front elevation and wall mounted electric heater.
LEASEHOLD INFORMATION Length of Lease - 125 years from 8.11.2004
Years Remaining on Lease - 102 years
Annual Ground Rent £149 (£74.50 paid half yearly)
Ground Rent Reviewed - Annually in TBC
Annual Service Charge Amount - £1,716.14 (£858.07 paid half yearly)
Service Charge Reviewed - Annually in TBC
All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
