Property description
EXPAND YOUR PORTFOLIO WITH THIS FREEHOLD PROPERTY CONTAINING FOUR SELF CONTAINED FLATS! INVESTORS ALERT! This property has been converted into four flats and has been rented out for last 10 years and there is now a potential annual rental income of £26,940.00. The exterior is being newly decorated and the property comes with a good size mature garden at the rear, presently attached to Flat 1. In total there is 7 bedrooms, 4 reception rooms, 4 bathrooms, four kitchens and three of the four flats are currently rented. Properties in this condition and of this potential are rarely available, so call now so you don't miss out!
Flat 1 Ground floor flat encompassing spacious lounge, kitchette, white suite bathroom, double bedroom, good size lawned private rear garden, private front entrance. Individually priced at £129,950. This property is currently undergoing a refurbishment throughout to include a new gas central heating system, re-plastering and re-decoration, new kitchen, bathroom and carpets. We anticipate a monthly rental figure of £625 which would herald a yield of 5.77%.
Flat 2 Recently refurbished ground floor flat with modern kitchen, white suite bathroom, double aspect lounge and double bedroom. Individually priced at £114,950. This property is currently let at a figure of £480 per calendar month giving a rental yield of 5.01%.
Flat 3 Refurbished apartment with two double bedrooms, lounge with outlook over gardens, separate w.c, contemporary bathroom and modern fitted kitchen. Individually priced at £120,000. This property has just been rented for £630 per calendar month, this gives a rental yield of 6.3%.
Flat 4 Top floor flat with one double and one single bedroom, lounge to front, spacious bathroom and kitchen with views over roof tops. Individually priced at £114,950. This property is currently rented for £550 per calendar month, giving a rental yield of 5.74%.
Council Tax Bands Flat 1 - Council Tax Band A - £1,062.73-£1,127.37 per annum
Flat 2 - Council Tax Band A - £1,062.73-£1,127.37 per annum
Flat 3 - Council Tax Band A - £1,062.73-£1,127.37 per annum
Flat 4 - Council Tax Band A - £1,062.73-£1,127.37 per annum
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