Property description
INVESTMENT OPPORTUNITY * INVESTMENT OPPORTUNITY * INVESTMENT OPPORTUNITYMany investors consider themselves to be reasonably astute when it comes to buying property, particularly when bank interest rates are low. It's not difficult to see why. Take this house for example, which is to be sold with a sitting tenant, paying £525 per calendar month (£6,300 per annum). Based on the purchaser paying the asking price, that equates to an annual yield of 5.25%. The house itself is very presentable and provides easily managed accommodation, ideal for single people, couples and families alike. There is a downstairs WC in the cloakroom, a comfortable lounge and a full width kitchen/dining room, whilst upstairs there are 3 bedrooms and a bathroom. Outside, will be found pleasant, easily managed gardens and there is even off-road parking to the rear of the house.Location wise, although facing the main road, it is within walking distance of a small parade of shops and the town centre beyond. Swift road links provide access to the bypass for travel throughout a wide geographical area.
The Accommodation Comprises:-
GROUND FLOOR
Storm Porch
With built-in bin store.
Entrance Hall
Laminate wood strip floor and radiator.
Cloakroom - 5' 9'' x 2' 10'' (1.75m x 0.86m)
Wash hand basin and close coupled WC. Extractor fa, laminate wood strip floor and radiator.
Lounge - 15' 4'' x 15' 4'' (4.67m x 4.67m)
Narrowing to 8' 7\" (2.44m) Front facing double glazed window, laminate wood strip floor, corniced ceiling, 2 double radiators and staircase to first floor.
Kitchen/Dining Room - 15' 4'' x 8' 8'' (4.67m x 2.64m)
Stainless steel sink and drainer inset in rolltop working surfaces with drawers, cupboards and plumbing for automatic washer below. Free standing electric cooker with stainless steel illuminated extractor hood above, matching wall cupboards, part tiled walls, rear facing double glazed window, double glazed sliding patio doors to rear garden, laminate wood strip floor and double radiator.
FIRST FLOOR
Landing
Radiator and loft access hatch.
Bedroom 1 - 12' 8'' x 8' 10'' (3.86m x 2.69m)
Front facing double glazed window, double door built-in wardrobe and radiator.
Bedroom 2 - 9' 5'' x 8' 11'' (2.87m x 2.72m)
Rear facing double glazed window, radiator and double door built-in wardrobe.
Bedroom 3 - 7' 0'' x 6' 2'' (2.13m x 1.88m)
Rear facing double glazed window and radiator. Airing cupboard off with insulated hot water cylinder.
Bathroom - 6' 2'' x 5' 8'' (1.88m x 1.73m)
White suite comprising panelled bath with mixer tap and shower attachment, pedestal wash hand basin and close coupled WC. Part tiled walls, laminate wood strip floor, rear facing double glazed window and radiator.
OUTSIDE
There are 2 car parking spaces to the rear of the property (off Blackmore Grove)Lawned fron garden with mature hedge.Enclosed rear garden laid to lawn and having a paved patio and additional seating area. Timber shed.
Services
Mains water, gas, electricity and drainage.
Central Heating
Gas fired boiler to radiators and also supplying the domestic hot water.
Agents Note
The property is to be sold as a Buy to Let investment opportunity, with a sitting tenant from September 2015 on a 12 month Assured Shorthold Tenancy at a rent of £525.00 pcm.A copy of the AST agreement is available upon request.
Property Features :
- INVESTMENT PROPERTY
- 3 Bedroom Mid Town House
- Sold subject to a 12 month AST from September 2015
- Income £525 pcm/£6,300 pa
- Gardens and Parking At Rear