2 bed flat for sale

Wilminton Terrace, London Road, Stroud, Gloucestershire GL5

*** cash buyers only ***
Ideally located within a five minute walk of the Town Centre is this newly decorated modern top floor apartment which enjoys an elevated view over the surrounding countryside from a feature Juliet balcony. The living accommodation comprises of an open plan kitchen/dining/sitting room, entrance hall, 2 bedrooms and bathroom. Outside there is an allocated parking space, secure bike store, gateway leading onto Stroud Water Canal and access to the communal entrance hall from both the London road and residents car park. Other benefits include gas central heating and double glazing. Conveniently presented to the market chain free and ready to view via Parkers Stroud.

Leasehold details: Start date: 1st January 2009
Lease length: 125 years, Current Ground rent: £250 pa, Current service/Main. Charge: £174.00 per month - payable twice a year, Managing agents - Y & Y Management

In Stroud, you will find a wide-ranging mix of cafes and shops and one of the best Farmers Markets in the country. Set against the beautiful backdrop of the Five Valleys, the town is nestled in dramatic Cotswold countryside. Most of the shops are owned by independent proprietors where you will find something for everyone, from fresh bread and cakes to specialist wines, fine quality meats and cheese. Stroud thrived on its woollen mills in the Industrial Revolution but is now the centre for the creative industries with writers and artists and the host of numerous festivals throughout the year. There are frequent and direct rail services run from Stroud to London Paddington, taking approximately 90 minutes. The M5 J13 and M4 J15 & J18 are also within easy reach for anyone looking to travel via car.

Material Information

Electric supply: Mains
Gas Supply: Mains
Water supply: Mains
Sewerage: Mains
Heating: Gas Central
Council Tax: Band A

Leasehold Details

Start date of lease: 1st January 2009
Length of lease: 125 years
Current Ground rent: £250 pa
Current service/Maintenance charge: £174.00 per month - payable twice a year
Managing agents - Y & Y Management

Agents Note

The current Lease is dated from 2009, and under the terms of the Lease, the rent started at £250.00 per annum and then is to double every 25 years. This causes issues with the marketability of the property, and can affect the value. It also means that any mortgage lender may not want to lend on the property as it is deemed to be higher risk.