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£85,000

Ashwood Court, Greaves - Ideal investment with a potential 7% gross yield

About the location

Ashwood Court is a modern apartment development which stands at the bottom of Bridge Road, on the corner of Ashton Road built approx 1996. This location is excellent, being on the edge of the city centre, yet perfectly located for the hospital and universities.

Regular busses pass by both on Ashton Road and on Scotforth Road at the top of the hill. Lancaster City Centre is within easy walking distance and canal side walks are also not far away. .

What we like...

We really like how well this apartment has been looked after. The owner bought this property as an investment home and has been rented out for over 15 years. This would suit any buyer looking for a new home to add to their property portfolio or even as a first home for a young professional couple.

A little about the home

Situated up on the second floor this one bedroom apartment is offered for sale with no chain. Once inside you will see that the hallway offers a built in storage cupboard and access to all the rooms available.

The main living room is a generous size offering enough space for a small dining table if you so wish. The kitchen has been fitted with a good range of storage and there is space for all the white goods you would require. The double bedroom offers the same aspect as the living room which will enjoy the afternoon sunshine. Finally inside there is a three piece bathroom which offers a shower above the bath.

The home is double glazed and offers an electric heating system throughout. Externally there are well maintained communal gardens, allocated parking with space for visitors and also a communal bike store.

The living accommodation

Entering this property just off the communal hallway on the second floor you will firstly find yourself in the hallway. This neutrally decorated area has access to all the rooms available in the apartment and there is a built in storage cupboard which hides away the hot water system for the home along with offering extra storage for your towels and bedding.

Buyers will find the main living room to be a generous size which sees the continuation of the neutral decoration and has a real bright and airy feel thanks to the large double glazed window to the rear of the building. The lounge has enough space to add your own dining table if you so wish and there is enough space to both relax and dine. The kitchen is separate to the living space.

Once you are inside the kitchen you will see that there is a good range of built in storage available along with ample work space for those who love to cook. There is space for your to add in your own white goods and there is a built in electric oven, hob and extractor fan also.

Bedroom & bathroom

The bedroom in this apartment is a generous sized double room which has the same aspect to the rear of the building as the living room and thanks to this will have a bright and airy feel in the afternoons. As you would expect there is ample space for all the furniture you would expect to have and like the rest of the home the room features decoration which has been finished with soft, neutral tones.

Finally inside is the bathroom which has been fitted with a three piece suite in white. The room has been partially tiled and there is a shower above the bath to give you the best of both worlds. An extractor fan has been built into the ceiling to help take away the steam when you are enjoying your relaxing bath or morning shower.

Outside space

Externally you will see that Ashwood Court offers, well maintained and mature garden areas to the front of the building to give a welcoming feel as you approach. Round to the rear of the home is the parking spaces for the building which are numbered and this home has an under croft parking bay.

The communal bin store is just in the opposite block as you exit the building and there is also a communal bike storage area which is a real bonus to have.

Extra information

- Built approx 1996
- Leasehold
- Service charge is £185 per quarter
- Council Tax Band A

  • One Bedroom Apartment
  • Second Floor Position
  • Well Presented Throughout
  • Lounge with Space to Dine
  • EPC Rating - C
  • Fitted Kitchen, Three Piece Bathroom
  • Allocated Under croft Parking
  • Available with No Chain
  • Investor Return Around 7%
EPC Graph for Ashwood Court, Greaves - Ideal investment with a potential 7% gross yield
1 Bedrooms 1 Receptions 1 Bathrooms
This well maintained second floor apartment is the perfect buy for a first time buyer or investor. With one double bedroom, tasteful decoration and its very own parking space we love this property. No chain EPC Rating - C
Great Investment property with a return in the region of 7%

Key Features

  • One Bedroom Apartment
  • Second Floor Position
  • Well Presented Throughout
  • Lounge with Space to Dine
  • EPC Rating - C
  • Fitted Kitchen, Three Piece Bathroom
  • Allocated Under croft Parking
  • Available with No Chain
  • Investor Return Around 7%