Compact investment opportunity near Ripon city centre with parking.
Two-bedroom ground-floor apartment, approx. 520 sq ft
Bright lounge, fitted kitchen and single bathroom
Double glazing and gas central heating (boiler and radiators)
Communal gardens, communal security entrance and rear parking
Lease c.64–65 years remaining — lenders likely to refuse mortgages
Needs cosmetic updating; dated kitchen requires renovation
Service charge c.£1,200pa and ground rent £150pa
Offered chain free; best suited to cash buyers or investors
A two-bedroom ground-floor apartment offering a bright lounge, fitted kitchen and communal gardens — presented as a practical investment or project. The flat benefits from double glazing, gas central heating and off-street parking at the rear. Its compact 520 sq ft layout is easy to manage and conveniently close to Ripon city centre and local amenities.
Important lease details materially affect finance: the property has approximately 64–65 years remaining on the lease. Many mortgage lenders will refuse to lend on leases under this length, so the price reflects that and this will suit cash buyers or someone prepared to arrange a lease extension. Service charge is around £1,200 per year with a small ground rent of £150.
The apartment needs some renovation and cosmetic updating in places — the kitchen appears dated and a refresh would improve rental yield or resale value. The building is modern (early 1990s) with communal security entrance, individual post boxes and maintained communal gardens, making it suitable as a lock-up-and-go or lettable asset after modest refurbishment.
Buyers should budget for lease extension costs and factor in the service charge and ground rent when assessing return. For those able to proceed without mortgage constraints, this is a competitively priced opportunity in an affluent area close to good schools and transport links.
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