Stratford-upon-Avon, CV37 6LE | Investment Property for Sale | VES-CV37-001

Opportunity to purchase an apartment in Stratford generating £7,140 rent pa & gross yield of 6.1%

£117,000

Apartment

VES-CV37-001

INITIAL INVESTMENT

£35,260

Based on

deposit: £29,250

stamp duty: £3,510

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£7,140

GROSS YIELD

6.1%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£150

SERVICE CHARGE

£1,325

1 bedroom

1 bathroom

1 reception room

391

Unfurnished

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 2006

Property information

  • Located on the first floor
  • Lounge/dining room
  • Good-size bedroom
  • Shower room with power shower including jacuzzi jets, steam and built-in radio
  • EPC rating C
  • Monthly rental income £595

Location information

  • The apartment is in the centre of Stratford with all amenities on the doorstep
  • Stratford railway station is a 10-minute walk from the property
  • The banks of the River Avon are just a 10-15-minute walk away as is the Shakespear theatre

Tenancy

RENT

£7,140 p.a. / £595 pcm

TENANCY DEPOSIT

£595

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

2 months ago

TENANCY AGREEMENT ENDS

7/31/2021

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Stratford-upon-Avon, Warwickshire

Stratford-upon-Avon is a market town in Warwickshire in the West Midlands. It lies on the River Avon and is 91 miles north-west of London, 22 miles south-east of Birmingham and 8 miles south-west of Warwick. The A46 bypasses Stratford and connects the town to Bath and Cleethorpes, whilst junction 15 of the M40 motorway is les than 10 miles away.

Stratford-upon-Avon railway station is on the North Warwickshire Line and the Leamington-Stratford line and is served by West Midlands Trains and Chiltern Railways. West Midlands Trains run regular services to Birmingham Snow Hill, continuing to Stourbridge Junction. Chiltern Railways run services between Stratford and Leamington Spa. There are also direct trains services to and from London Marylebone.

The nearest airport is Birmingham Airport which is 18 miles from Stratford and offers scheduled flights to national and international destinations.

Stratford is a popular tourist destination due to its link with William Shakespeare. Naturally several landmarks and attractions are associated with the late poet and playwright, such as the Royal Shakespeare Theatre, Anne Hathaway’s cottage, Mary Arden’s farm, Shakespeare’s New Place, Hall’s Croft or Shakespeare’s School Room and Guildhall to name a few. Other noteworthy attractions include Harvard House, Stratford Butterfly Farm, Stratford Armouries, the Guild Chapel and the MAD Museum.

There are many shops in the town centre as well as the Maybird Shopping Park and the Rosebird Centre. As a market town one can of course also find weekly markets with offerings from local producers and makers, street food, vintage and rare finds, artwork and jewellery, artisan food stalls, clothing, sweets and more. Every Friday and Saturday a market is held on Rother Street, whilst the premier market Waterside Upmarket is held every Sunday and on all bank holiday Mondays.

Stratford’s economy is largely driven by tourism, especially in the hotel, hospitality and catering sectors. Other employment sectors include boat building and maintenance, bicycles, engineering, food manufacture, IT, finance and insurance and a large retail sector. The major employers include NFU Mutual Insurance Company, AMEC, Sitel, Tesco, Morrisons, B&Q, Pashley Cycles and Marks & Spencer.

Greenhill Street,

Stratford-upon-Avon,

Warwickshire,

England,

CV37 6LE

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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