South Road, Midsomer Norton, Midsomer Norton Radstock
£175,000

Listed by our Midsomer Norton office!
A first floor apartment just a stone’s throw away from Midsomer Norton High Street and surrounded by all amenities. A well presented and spacious property that would make a perfect investment or first time purchase.

Entering from a communal hallway and in brief the accommodation comprises of entrance hallway, open planned living area and kitchen, two bedrooms and bathroom.

The living space is a great sized open planned area which has a modern kitchen to the rear with built in oven and hob, space for white good appliances and dining area. There is ample space for sofas and lounge furniture whilst keeping plenty of floorspace for comfortable living. This area is one of the many strong points of the property due to its dual aspect and sense of openness.

There are two double bedrooms, both with built in wardrobe space and white suite bathroom with shower over bath which completes the accommodation.

Externally there is communal lawned areas, refuse and recycling areas. Located a stones throw away from Midsomer Norton High Street you are surrounded by an array of amenities and public transport links. South Road public car park is located within 100m of the property.

This property would make an ideal first purchase or investment property. The estimated ROI for an investor, before fees is circa 6.5% with a £950pcm market rent, however the current rent is £550pcm.

Agents notes:
Leasehold: 988 years remaining of an 999 year lease.
Ground rent: £20 per annum.
Maintenance charge: There is a maintenance charge of 15% of the total maintenance costs to maintain and repair the communal areas.
Management Company: Excelsior Terrace Management Company Ltd.
This property can be sold with either the current tenant in place as an investment or if not with vacant possession where required.