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Guide price
£130,000

1 bedroom flat for sale

St Nicholas Church Street, Warwick
Flat
1 bed
1 bath
317 sq ft / 29 sq m
EPC rating: D
Added > 14 days

Key information

TenureLeasehold | 977 yrs left
Ground rent£100 per annum | review period: unconfirmed
Service charge£150 per annum
Council taxBand C
BroadbandSuper-fast 80Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Leasehold (977 years remaining)
  • Ground floor.
  • Full of character
  • One bedroom.
  • Open plan living room/kitchen
  • Bathroom with shower.
  • Gas central heating.
  • Town Centre location
  • Handy location
Charming, compact and attractive, one bedroom period ground floor apartment, nestled right in the heart of our historic county town, offering one bedroom accommodation with lots of character. Ideal Buy To Let as current tenant would like to stay if possible. Sensible Price.

Entrance - Communal front door, with intercom, opens into the:

Communal Entrance Hall.

Charming Open Plan Living Room/Kitchen - 5.11m overall by 3.49m (max) overall (16'9" overal - Living Area:
with windows to the rear and exposed timbers, central heating radiator,

In the Kitchen area.
There is a run of role edge work surfacing incorporating a single drainer sink with mixer tap and a 4 ring gas hob, base units and electric oven under, and two eyelevel wall cupboards with cooker hood. Integrated washing machine and space for a fridge/freezer. Wall mounted gas fired central heating boiler, and window to the front. Timber door opens to a storage cupboard.

Double Bedroom - 3.26m maximum by 2.31m (10'8" maximum by 7'6") - with exposed ceiling timbers, window and central heating radiator.

Bathroom - The apartment bathroom has a white suite with panelled bath having a shower over, low level WC and wash hand basin. Radiator. Window.

General Information - We understand all mains services are connected.
The property in on a long lease of 999 years, starting 1 Jan 2002
Ground Rent is £100.00 until 2035, rising to £200.00
The Freehold is owned by Hamlin Estates and NOT included in the sale.
A management company has been set up, with £2,000 sinking fund.
Current tenant is in a periodic tenancy agreement, and currently paying £595,00pcm with rent review due.

All four properties have been owned by one investment company, and the landlords have set up a new management company for which the purchasers of this apartment will be granted, a 25% share.

The current service charge is set at £50.00 per month. This is based on the expenditure maintaining the communal areas of the development over the last five years which has averaged less than £50.00 per month, but as the management was done by the owners themselves this doesn’t take into account a managing agent or accountant fees should the new shareholders decide to appoint them, then this will increase accordingly.

We understand all mains services are connected.
The property in on a long lease of 999 years, starting 1 Jan 2002
Ground Rent is £100.00 until 2035, rising to £200.00
A management company has been set up, with £2,000 sinking fund.

All four properties have been owned by one investment company, and the landlords have set up a new management company for which the purchasers of this apartment will be granted, a 25% share.

The current service charge is set at £50.00 per month. This is based on the expenditure maintaining the communal areas of the development over the last five years which has averaged less than £50.00 per month, but as the management was done by the owners themselves this doesn’t take into account a managing agent or accountant fees should the new shareholders decide to appoint them, then this will increase accordingly.

Property information from this agent

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About this agent

Margetts - Warwick
Margetts - Warwick
12 High St Warwick CV34 4AP
01926 267770
Full profileProperty listings
Margetts is an independent firm of Chartered Surveyors established in 1806. We are regulated by the rules and regulations of the Royal Institute of Chartered Surveyors, the National Association of Estate Agents and the Association of Residential Letting Agents; we believe the leading professional property bodies.  Our aim is to provide our clients with the highest standard of professionalism and care.
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