Shrubbery Close, High Wycombe £220,000

***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. ACCORDING TO GOVERNMENT GUIDELINES, THE COST TO CHANGE THE LEASE AND THEN MAKE THE PROPERTY SUITABLE FOR A MORTGAGE IS IN THE REGION OF £11,000. THE RESULT OF THIS LEASE CHANGE WOULD MAKE THE PROPERTY, GROUND RENT FREE, MORTGAGEABLE AND WORTH £250,000.
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.

Offered to the market with NO ONWARD CHAIN is this spacious two bedroom first floor apartment with a large BALCONY and well maintained communal gardens. The property is located in a sought after, quiet cul-de-sac situated just a short walk of High Wycombe town centre and train station (which connects to London Marylebone in less than 30 minutes). The accommodation comprises: entrance hall, living room with bay window opening out to a large private balcony, contemporary fitted kitchen (appliances included with sale), two bedrooms, master bedroom with en-suite & built in wardrobe and family bathroom. The property further benefits: allocated parking (plus x10 visitors bays and additional on street parking available), LONG LEASE (975 years remaining), several storage cupboards, GAS central heating (boiler last serviced 06/08/24) and double glazing.

LEASEHOLD INFORMATION:
- LEASE LENGTH: 999 year lease from 2001. 975 years remaining.
- SERVICE CHARGE: Service charge has been paid up until 1st September 2025. The charge is typically around £2,000 P.A.
- GROUND RENT: £257.18 paid every 6 months.