Weston-Super-Mare, BS23 2HE | Investment Property for Sale | VES-BS23-006

Opportunity to purchase an apartment in Weston-super-Mare generating £4,800 rent pa & gross yield of 4.8%

£100,000

Apartment

VES-BS23-006

INITIAL INVESTMENT

£30,500

Based on

deposit: £25,000

stamp duty: £3,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£4,800

GROSS YIELD

4.8%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£25

SERVICE CHARGE

£745

1 bedroom

1 bathroom

1 reception room

689

Unfurnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 2003
  • Years left on lease: 979 years (from 2023)
  • Ground rent review period: n/a
  • Service charge review period: tbc

Property information

  • Located on the second floor
  • The property comprises:
    • Bedroom
    • Bathroom
    • Kitchen
    • Lounge
  • EPC rating: C
  • Council tax band A
  • Monthly rental income £400

Location information

  • The property is located in the Knightstone area of Weston-super-Mare
  • The town centre is around 1.7 miles from the property
  • There is a bus stop near the property with regular services into town
  • Weston railway station is around 1.4 miles from the property

Notes

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

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 Weston-super-Mare, Somerset

Weston-super-Mare is a seaside town in Somerset and lies by the Bristol Channel 18 miles south-west of Bristol. The A370 runs through the town connecting it to the M5 at junction 27.

Weston-super-Mare railway station is located in the centre of town and is operated by Great Western Railway. There are regular local train services from Bristol Parkway which terminate at Weston-super-Mare as well as some semi-fast services between Cardiff Central and Taunton. Additional Great Western Railway trains go all the way to London Paddington whilst CrossCountry operates daily services between Paignton and Manchester Piccadilly.

Bristol Airport is the closest operational airport and is just 15 miles away.

There are plenty of attractions in Weston and the surrounding area offering great opportunities for fun days out. Some of these include Weston’s long and sandy beach with its Grand Pier and traditional beachside promenade, the Helicopter Museum, Weston Museum, Water Adventure Play Park, Noah’s Ark Zoo Farm, Brean Down, Art Deco Tropicana, Wall Eden Farm, Clevedon Pier and Puxton Park.

Other events that attract large numbers of visitors include the ‘International HeliDays’ which are staged at the beach lawns at the end of July in association with the Helicopter Museum as well as an annual display by the Red Arrows. The beach is also the venue for the annual Sand Sculpture Festival. During September and October the Weston Arts Festival takes place taking over local venues offering a wide range of cultural events.

Weston also has two Sites of Special Scientific Interest, Sand Point to the north of town and Ellenborough Park in the centre of town. Only a short drive away one can find the limestone Mendip Hills with the lakes of the Chew Valley which has been designated as an Area of Outstanding Natural Beauty.

With its great transport links to Bristol Weston has become a commuter town over time. However, its closeness to the national motorway networks means that several distribution depots can be found here. Some of the largest employers include North Somerset Council and Weston College.

South Road,

Weston-super-Mare,

North Somerset,

England,

BS23 2HE

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