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
Radiator.
Cloakroom - 5' 9'' x 2' 11'' (1.75m x 0.89m)
Wash hand basin, closed coupled WC, extractor fan and radiator.
Lounge - 15' 5'' x 15' 4'' (4.70m x 4.67m)
Narrowing to 8' 6\" (2.59m) Front facing double glazed window, 2 double radiators and staircase to first floor with storage cupboard below.
Kitchen/Dining Room - 15' 5'' x 8' 8'' (4.70m x 2.64m)
Stainless steel sink and drainer inset in rolltop working surfaces with drawers, cupboards and plumbing for automatic washer below. 5 ring stainless steel gas hob with stainless steel illuminated extractor hood above and stainless steel electric oven and grill below. Part tiled walls, ceramic tiled floor, rear facing double glazed window, double glazed sliding patio doors to rear garden, corniced ceiling and radiator.
FIRST FLOOR
Landing
Loft access hatch and radiator.
Bedroom 1 - 12' 7'' x 8' 10'' (3.83m 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, double-door built-in wardrobe and radiator.
Bedroom 3 - 7' 1'' x 6' 3'' (2.16m x 1.90m)
Front facing double glazed window and airing cupboard with insulated hot water cylinder.
Bathroom - 6' 3'' x 5' 8'' (1.90m x 1.73m)
White suite comprising panelled bath with electric shower unit over, pedestal wash hand basin and close coupled WC. Rear facing double glazed window and radiator.
OUTSIDE
There are 2 car parking spaces to the rear of the property (off Blackmore Grove).Gravelled front garden with hedge.Enclosed rear garden planned for ease of maintenance with paved patio/gravel features, rear pedestrian gate, timber garden shed and cold water tap.
Services
Mains water, gas, electricity and drainage.
Central Heating
Gas fired boiler to radiators and also supplying domestic hot water.
Agents Note
The property is to be sold as a Buy to Let investment opportunity, with a sitting tenant from August 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