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Park Street

Taunton, United Kingdom

Investment Type: BUY-TO-LET

Est. Completion: COMPLETED

Tenanted Studio Apartment - Park Street

£87,500.00

  • Invest From Just £87,500
  • Up To 6.7 Net Yields%
  • Currently Tenanted At £495 pcm
  • Fully Managed By A Highly Recommended Company
Purchase Process

Investment Highlights

  • Invest from only £87,500
  • The property is mortgageable
  • Listed building with sash windows
  • Fully managed investment opportunity
  • Fantastic idyllic loaction
  • Sits at over 30sq metres in size
  • Allocated parking spaces

Investment Breakdown

  • Leasehold: 999 years (from 1987)
  • Estimated net rental yields up to 6.7%
  • Combined Service Charge & Ground Rent: £750 per annum
  • Fully managed service at 8.5% from a highly recommended company

Payment Plan

  • Reserve with a signed reservation form
  • Provide certified ID, proof of address and proof of funds to Pure Investor
  • Pay a £2,000 non-refundable reservation fee
  • Remaining balance due on completion

Park Street - Overview

This 1 bed apartment/studio is available with a tenant in situ and a current managing agent who has been recommended by the current landlord.

The locality of the property is less than a 5-minute walk to the centre of town and a 10-minute walk to the hospital. These types of rental properties are sought after and don’t often become available to rent due to tenants staying long term.

Tennant Profile

Current tenant is a nurse who works at the local Hospital, many tenants in these types of properties we are told work for the local Hospital. The tenant has been there for around 2 years already and is more than happy at the apartment. The letting agent has contacted the tenant to reassure her regarding the sale process and she is comfortable with everything.

There is a rolling contract currently as the original tenancy started on November 2020 for 12 months and has now expired. The option is there for a new landlord to look for a new tenant at a higher rate or to renegotiate the rent with the current tenant.

Current Lettings Agent

Clem Woodward Ltd
Letting & Management Agent

The Clem Woodward team has a combined experience of over 100 years in the property industry and has maintained a close relationship with many of the major Landlords, Suppliers, Relocation Agents and Employers to ensure we are constantly arranging quality tenancies.

Clem Woodward are members of ARLA property mark and ahead to their code of conduct.

Current tenancy agreement with agent – 8.5% + VAT management fee. Service charge and ground rent are around £750 per annum.

Video - Park Street

Development Availability

PropertySizeBedroomsPriceEnquire
Tenanted Studio Apartment - Park Street322 square foot1£87,500.00Enquire

Contact Us

If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.

Any Questions?

Call: +44 (0) 161 337 3890

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Looking to Sell

Looking to sell your tenanted buy to let property?

Are you considering selling your property with sitting tenants?

Concerned about losing rental income, or paying expensive utility bills for 4-5 months whilst you sell? We specialise in selling properties with tenants in situ, often saving the landlord thousands of pounds in lost rental income.

  • Specialists in selling tenanted properties in the UK.
  • Database of over 30,000 experienced property investors, actively seeking tenanted properties to add to their portfolio.
  • Experienced in working with tenants and lettings agents to ensure smooth transition and good communication throughout.
  • Generate rental income right up to completion of sale and avoid expensive void periods during sales and legal process.

Contact Us

Contact Pure Investor today for a Free Consultation and Valuation for your tenanted property for sale.

Call today on: +44 (0) 161 337 3890

or contact to us via WhatsApp Contact Now

Find out more

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Other Popular Developments

Why Choose Pure Investor

Key to the success and growth of Pure Investor in recent years has been our location on the outskirts of Manchester. Strategically located to offer all our consultants easy access to Manchester, Liverpool, Sheffield and Leeds, we are regular visitors to all the major property developments within the key Northern Powerhouse destinations.

We are passionate about the growth and development within these locations, ensuring our consultants have a high level of expertise regarding the development opportunities within these key growth areas. For this reason, many investors choose to speak with Pure Investor first when considering property investment in the North England.

We genuinely believe in working with our clients, providing a high quality of service and information, allowing our clients to make their decision on a more informed basis. As a result of this, an increasing number of investors are choosing to return and utilise our services on an ongoing basis. This is something we are incredibly proud of, and which we are looking to continually improve on in the future.

If you are considering in investing in a property in the North of England, and don't fancy the 'hard sell' approach, please feel free to get in touch on either enquiries@pureinvestor.co.uk or Tel: 0161 660 8261.

We look forward to hearing from you!

Pure Investor - Property Investment