Hillside, Slough, SL1

For Sale OIRO £144,000

1 1 1
Fixed Price £144,000
60 years left on the lease. Maisonette. Total 2 storeys. This flat is on the first floor. 1 Bedroom. Kitchen/reception room combined. 1 bathroom. Small communal garden. Gas central heating throughout.

There is a formal right to extend the lease.
Year built 1985.
Gross internal area 33 sqm.

Purchase price £143,000
Lease extension £18,000 for additional 99 years so the newly extended lease will be 159 years. We can help with mortgage finance with a lender who is willing to lend on short leases with a view to simultaneous lease extension upon completion.

GDV once lease extended £185 - £190K. We can supply a redacted copy of a mortgage valuation report dated July 2017. This report confirmed the price with a short lease at £165,000. Once the lease is extended the GDV was £180,000 - £185,000 in 2017.

£25 pa ground rent
£30 pcm service charge

Currently tenanted for £825 per month. The current agent takes £60 PCM for management. Vacant possession can be arranged.

The property is located with good access to local type facilities and amenities as it is close to Slough Town Centre.

The property is set on a residential road that has plenty of parking and is a one-way road. The location is ideal for anyone needing to be near Slough Station which is a 10 minute walk away and the High Street as well.

  • Fixed Price £144,000
  • GDV once lease extended £185 - £190K
  • Lease extension £18,000
  • Additional 99 years
  • Tenanted
  • Slough Town Centre
EPC Graph for Hillside, Slough

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