Shrubbery Close, High Wycombe HP13 2 bed apartment for sale

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Shrubbery Close, High Wycombe HP13 2 bed apartment for sale

Shrubbery Close, High Wycombe (walk Of Station)
£220,000

Our Summary

  • ***INVESTMENT OPPORTUNITY - CASH BUYERS ONLY***DUE TO A LEGAL QUIRK IN THE LEASE, A BUYER WOULD NOT CURRENTLY BE ABLE TO SECURE A MORTGAGE ON THE PROPERTY
  • THE OWNER IS IN NEED OF A QUICK SALE SO THEY HAVE DROPPED THE ASKING PRICE CONSIDERABLY TO ATTRACT A CASH BUYER
  • THIS IS AN IDEAL INVESTMENT OPPORTUNITY FOR SOMEONE WITH CASH WANTING TO ADD VALUE TO A PROPERTY AND MAKES AN IDEAL RENTAL INVESTMENT, AS IN THE CURRENT MARKET WOULD ACHIEVE A RENTAL OF £1,400PCM
  • CASH BUYERS ONLY
  • Cash buyers only

Description

This is an investment opportunity for a cash buyer to purchase a spacious two-bedroom first-floor apartment in a quiet cul-de-sac in High Wycombe, just a short walk from the town center and train station. The property has a large balcony and well-maintained communal gardens, and is currently leasehold with a 999-year lease remaining. Due to a legal quirk in the lease, a mortgage cannot be secured on the property, but the owner is willing to sell for a significantly reduced price to attract a cash buyer. The property requires a lease change, which would cost around £11,000, but would make the property mortgageable and worth £250,000. The current asking price has been dropped to make it an attractive investment opportunity for someone with cash looking to add value to a property and rent it out, which would achieve a rental income of £1,400 per month.