This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
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£55,000
2 bedroom Flat for sale, Main Street, Egremont, Cumbria, CA22
Features and Description
An excellent investment opportunity, this two-bedroom first-floor maisonette is being sold with a sitting tenant, making it an ideal addition to any property portfolio. Currently generating £525 per calendar month, the property offers an impressive 11.4% gross rental yield, providing an attractive ready-made investment from day one.
Conveniently located in the heart of the popular town of Egremont, the property enjoys easy access to a wide range of local amenities, including shops, schools and excellent transport links. Internally, the accommodation is arranged over two floors and briefly comprises an entrance hall, spacious living room and fitted kitchen to the first floor, with two well-proportioned bedrooms and a bathroom to the second floor. Externally, the property also benefits from one allocated parking space.
Offering a strong rental return in a sought-after location, this is an opportunity not to be missed.
Entrance Hall
Welcoming entrance to the home, accessed via an external staircase to the rear of the property.
Kitchen
8'7" x 9'0" (2.62m x 2.75m)
Offering a range of fitted units, with tiled backsplash, sink and freestanding electric cooker.
Lounge
12'10" x 13'7" (3.90m x 4.15m)
Bright but cosy living room, centred by a feature fireplace with electric insert.
Second Floor
With landing.
Bedroom 1
8'4" x 12'6" (2.55m x 3.82m)
Double Bedroom.
Bedroom 2
8'1" x 9'7" (2.46m x 2.93m)
Single Bedroom.
Bathroom
5'3" x 9'6" (1.60m x 2.90m)
Benefitting from a bath with shower over, w/c, and wash hand basin.
Parking
The property benefits from an allocated parking space, suitable for one car.
Agents Notes
The property benefits from gas heating and double glazing. The property has an allocated parking space for one car, located to the rear of the property. The property is leasehold, a ground rent charge of £10 per calendar month. Important: The property is situated above a commercial premises and has approximately 51 years remaining on the lease. Buyers intending to purchase with the assistance of a mortgage are advised to check with their proposed lender that the property meets their lending criteria.
Tenancy
Tenancy: The property is currently tenanted and is managed by Your Move on a rent collection basis. Notice has not been served on the current tenant. Buyers intending to purchase the property for owner occupation should be aware that notice will need to be served and possession obtained in accordance with the terms of the tenancy and all relevant legal requirements. Further information is available from the branch.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Agents are required by law to conduct Anti-Money Laundering checks on all buyers. Your Move Carlisle, Whitehaven and Wigton charge £30 including VAT per buyer. The charge covers the cost of obtaining and retaining relevant data from a third party. This fee is payable in advance prior to issuing a memorandum of sale and before the property can be sale agreed.
Main Street, Egremont, Cumbria, CA22
Additional Information
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Property refWHV260534
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EPCC
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TenureLeasehold
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Lease length51 years
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Council TaxA
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Local authorityCumberland Council
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Ground RentContact the branch
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Ground Rent ReviewContact the branch
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Service ChargeContact the branch
Do you have a property you need to sell?
Your Move Estate Agents Whitehaven
Your Move Whitehaven
67 Lowther Street, Whitehaven, CA28 7AH
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
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Borrowing £49,500 and repaying over 25 years with a 2.5% interest rate.
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