Monarch Close, Stretton, DE13

** Landlords Only ** Village Location ** Rental Income Of ?515 PCM ***

Located within the heart of Stretton this one bedroomed first floor apartment situated off Britannia Drive provides an ideal ongoing investment opportunity. The property benefits from UPVC double glazing, gas central heating and is presented to a good standard being sold with a tenant in occupation. The internal accommodation in brief provides a ground floor entrance door to the hallway with stairs leading to the first floor apartment accommodation.
A good size lounge on the front aspect leads to the fitted kitchen diner. The fitted bathroom off the first floor landing is alongside the master double bedroom on the rear aspect of the property.
Outside is a rear garden and parking. We understand the lease has been extended and runs for approximately 146 years remaining. All viewings by appointment only.

The Accommodation

This first-floor maisonette-style apartment presents a fantastic investment opportunity for landlords, with a tenant already in occupation. Positioned in a convenient location with allocated off-road parking, the property offers a strong rental income potential.The accommodation begins with a UPVC double-glazed front entrance door leading to a ground-floor hallway, with stairs rising to the first floor. The landing includes a built-in airing cupboard housing the gas central heating boiler and provides access to the lounge. Positioned at the front of the property, the lounge features a double radiator, a built-in storage cupboard, and a UPVC double-glazed window, with direct access to the dining kitchen.The dining kitchen is well-appointed with a range of base cupboards and drawers, preparation work surfaces with a stainless-steel sink, a cooker space with a gas point, and two additional free-standing appliance spaces. There is also room for a small dining table and chairs, with a UPVC double-glazed window overlooking the rear elevation.The master double bedroom, located at the rear of the property, enjoys views over the gardens. Adjacent to the bedroom, the bathroom is fitted with a three-piece white suite, including a low-level WC, a hand wash basin, and a bath with a shower above.Externally, the property benefits from allocated parking at the end of the row, with pedestrian access leading to an allocated garden area. The garden is mainly laid to lawn and enclosed by a fenced boundary.Situated in a well-served village location, the property is close to a range of local amenities, including shops, public houses, and a village bakery. With easy access to the A38 and commuter networks, this property is ideally positioned for convenience. Offered exclusively to landlords, this is a superb opportunity for those looking to expand their investment portfolio.

Lounge

Kitchen Diner

Bedroom One

Bathroom

Rear Garden & Allocated Parking

Sold With Tenant In Occupation

The current owner has Let the property and has informed us the tenant within an agreement with a two month notice period. The landlord holds a current EICR along with gas safety certification, and informs us all rent payments are up to date.

Leasehold

The property is leasehold and the vendor has informed us there is no service charges payable nor ground rent paid since the lease renewal. (previously ?15 per annum)However it is stated within the renewal Ground rent is on a peppercorn basis (if demanded) and we recommend that purchasers satisfy themselves as to the tenure of the property and we would recommend that they consult a legal representative such as a Solicitor appointed in their purchase for further clarification and consultation on the matter when reviewing the paperwork.

Property construction: Standard Parking: Allocated SpaceElectricity supply: Mains Water supply: Mains Sewerage: MainsHeating: Mains Gas Council Tax Band: ALocal Authority: East Staffordshire Borough Council Broadband type: TBC - See Ofcom link for speed: https://checker.ofcom.org.uk/ Mobile signal/coverage: See Ofcom link https://checker.ofcom.org.uk/ Local Authority: East Staffordshire Borough Council Useful Websites: www.gov.uk/government/organisations/environment-agencyThe property information provided by Nicholas Humphrey Estate Agents is based on enquiries made of the vendor and from information available in the public domain. If there is any point on which you require further clarification, please contact the office and we will be pleased to check the information for you. Please note if your enquiry is of a legal or structural nature, we advise you to seek advice from a qualified professional in their relevant field.