Otter Way, Barnstaple, EX32

Council tax band: A.

Tenure: Leasehold.

Lease remaining (For Leasehold tenure): 59 (in years).
Service charge (For Leasehold tenure): £674.69 per year.
Ground rent (For Leasehold tenure): £50 per year.

A well-presented and modern purpose-built studio flat, ideally situated in the popular area of Whiddon Valley. This purpose-built property offers comfortable and efficient living, featuring gas-fired central heating and uPVC double glazing throughout.

The accommodation comprises a spacious main living area with a separate bed recess, providing a practical division of space. A well-equipped kitchen is fitted with a range of units, while the bathroom is clean and functional, completing this smart and low-maintenance home.

This property is only suitable for cash purchasers due to the remaining term left on the original 99 year lease. The flat offers a good return as an investment being currently let at £545.00 pcm.

Property additional info

COMMUNAL ENTRANCE:
With access to the flat

ENTRANCE HALL:
Front door off, boiler cupboard housing i-mini gas fired combination boiler feeding domestic hot water and the central heating system.

BATHROOM:
White suite comprising of a panel bath with tiled wall area glazed shower screen and shower unit. Pedestal wash hand basin with tiled splash backing, W.C. shaver point, radiator, vinyl floor covering.

LOUNGE/BEDROOM: 4.90m x 3.80m (16' 1" x 12' 6")
UPVC double glazed windows, tv point, access to loft space, and double radiator. Useful bed recess with storage below, telephone point, wall mounted electric fire, vinyl floor covering, archway to kitchen

KITCHEN: 2.20m x 2.00m (7' 3" x 6' 7")
Affording country glimpses inset single drainer stainless steel to sink unit with mixer tap with cupboards below. Working surfaces with inset ceramic hob and built-in electric oven with drawers and cupboards below. Space for plumbing for washing machine, range of wall units, vinyl floor covering.

OUTSIDE:
To the rear of the building is an enclosed lawned garden area with a rotary dryer. Also to the rear of the building is a brick paved car park enabling communal parking for local residents.

COUNCIL TAX:
Band A

EPC:
Band C

SERVICES:
Mains water, electric, gas and drainage connected.

Tenure:
The flat is being sold with the balance of a 99 year lease granted on 26th July 1985. Ground rent is currently £50.00 per annum, due in 2 installments on 24th June and 25th December each year. This will increase to £75.00 per annum from 2045 for the remainder of the original lease term.Building Insurance from 29th September 2024 to 28th September 2025 is £196.90Block Service Charge from 1st January 2025 to 31st December 2025 is £674.69. The vendor currently pays this on a monthly basis by Direct Debit.We hold a copy lease at the office and this is available for inspection by a prospective buyer or their solicitor upon request.

VIEWINGS:
By appointment through Woolliams Property Services. Telephone: Office Hours 01271 328586 Out of Office Hours: 07977 269098or www.woolliamspropertyservices.com

USEFUL INFORMATION:
To find out further useful information on this property such as bin collection days, whether this is a conservation area, planning history etc why not check the North Devon Council website: www.northdevon.gov.uk/my-neighbourhood