Property description
A GREAT INVESTMENT OPPORTUNITY to acquire as a whole, the 2 semi detached properties which are 9 Edward Road, Edward House with adjoining office/storage area attached to the rear, 9a Edward Road and parking area behind.
The properties currently offer good rental income with an enhanced return potential subject to alterations. Ideally located, close to Bedford South Wing Hospital which will always provide a constant demand for rental properties.
The separate accommodation currently offers:
- A three bedroom semi detached house
- A commercial/residential property adjoining to Edward House that is currently let out as a one bedroom, ground floor flat with an additional ground floor office/storage to the rear that is linked by a door to the rear offering great potential to alter and improve to maximise accommodation & income.
- A first floor, two bedroom flat above.
- Access to the rear and parking is via Caldwell Walk off Kempston Road, Bedford.
- All three are currently rented out to separate tenants.
9 Edward Road (3 bedroom detached house)
Ground Floor
Covered Entrance Porch:
Tiled flooring.
Entrance Hall
Artex ceiling. Carpeted flooring. Single panelled radiator.
Lounge: 12ft 5 x 10ft 5
Carpeted flooring. Single panelled radiator. TV point & telephone point. Bay window to front aspect.
Dining Room: 13ft 9 x 11ft
Carpeted flooring. Single panelled radiator. Window to rear aspect. Smoke alarm. Stairs to 1st floor accommodation.
Kitchen: 15ft 1 x 7ft 10
Fitted in beech effect units to comprise: Single stainless steel sink with mixer taps, Formica work tops, 5 eye level units, 4 base level units and 1 drawer unit. Artex ceiling. Linoleum flooring. 2 lights. Single panelled radiator. Space for cooker. Window to side aspect. Wall mounted gas boiler.
Rear hallway door to courtyard and bathroom.
Family Bathroom
3 piece white suite comprising: Bath with shower over, pedestal wash hand basin with separate taps and low level WC. Double panelled radiator. Extractor fan. Opaque frosted window to side aspect. Linoleum flooring.
1st Floor
Landing Area:
Storage cupboard. Loft access. Smoke detector.
Bedroom 1: 13ft 9 x 10ft 7
Single panelled radiator. 2 windows to front aspect.
Bedroom 2: 11ft 3 x 8ft 3
Single panelled radiator. Window to rear aspect.
Bedroom 3: 15ft 8 x 8ft 1
2 single panelled radiators. Window to rear aspect.
Externally
Courtyard area laid to paving slabs with wooden fence & gate to rear, leading to car park area (measuring approximately 58ft x 31ft).
Edward House (Ground floor flat ? formally used as an office)
Lounge: 18ft 11 x 16ft 9
Carpeted flooring. 3 double panelled radiators. Thermostat and timer control. TV point and telephone point. Door and bay window to front. Plastic panelling to walls.
Kitchen: 6ft 10 x 6ft 7
Modern, fitted in light oak wood effect units to comprise: Single stainless steel sink with taps, Formica work tops, 2 eye level units, 2 base level units and 1 drawer unit. Part tiled walls. Strip lighting.
Bedroom: 15ft 6 x 13ft 6
Double panelled radiator. Double built in wardrobe. Window to rear aspect. Door through to office/storage space. Access to loft space.
Family Bathroom:
2 piece cream suite comprising: Bath with shower over, pedestal wash hand basin with separate taps and low level WC. Part tiled walls. Double panelled radiator. Extractor fan.
Separate WC to other side of inner hallway, no window and extractor fan.
Inner Hall:
Linoleum flooring with separate WC.
Office/Storage Area: Approx 21ft 7 x 7ft 10 max
Accessed via bedroom. Separate access via door from rear parking area. Corridor with 3 separate cupboards, one with wash hand basin and low level WC.
9a Edward Road (1st floor flat)
Entrance Hall:
Artex ceiling. Carpeted flooring. Stairs to flat. Thermostat.
Lounge: 11ft 5 x 10ft 8
Carpeted flooring. Double panelled radiator. TV point & telephone point. Window to front aspect.
Kitchen: 9ft 1 x 6ft 9
Modern kitchen re-fitted in oak effect units to comprise: Single stainless steel sink with mixer taps, Formica work tops, 6 eye level units, 2 base level units and 1 drawer unit. Artex ceiling. Strip light to ceiling. Linoleum flooring. Double panelled radiator. Part tiled walls. 4 ring Zanussi electric hob with electric oven and stainless steel cooker hood. Wall mounted gas boiler.
Bedroom 1: 11ft x 8ft 8
Double panelled radiator. Window to rear aspect.
Bedroom 2: 9ft 1 x 8ft 6
Double panelled radiator. Window to front aspect.
Family Bathroom:
3 piece white suite comprising: Bath with shower over, pedestal wash hand basin and low level WC. Double panelled radiator. Extractor fan. Frosted window to rear aspect.
Agents Note
Please be aware that Edward House & flat 9a Edward Road above are serviced by one electric meter. The current owner applies a charge to each tenant of £100 per calendar month for utility services.
Current Rental Income
9 Edward Road ? 3 bed semi detached house = £675.00 PCM
Edward House ? 1 bed, ground floor flat = £500.00 PCM
9a Edward Road ? 2 bed, 1st floor flat = £535.00 PCM + £100.00 PCM for utilities
*(From August 2016, Edward House will implement the £100 utility charge)
COUNCIL TAX TELEPHONE BEDS BOROUGH COUNCIL DIRECT LINE 01234 718097 (Option 5)
EDUCATION DEPARTMENT: TELEPHONE BEDFORDSHIRE COUNTY COUNCIL DIRECT LINE: 01234 228852.
PLEASE NOTE: NONE OF THE SYSTEMS & APPLIANCES IN THIS PROPERTY HAVE BEEN TESTED.
PLEASE NOTE: THE PURCHASER IS ADVISED TO OBTAIN VERIFICATION FROM THEIR SOLICITOR AND/OR SURVEYOR TO THEIR OWN SATISFACTION.
PLEASE NOTE: AMPLE POWER POINTS THROUGHOUT THIS PROPERTY.
Money Laundering Act 2004 we are required to obtain photographic identification of any persons purchasing a property through our firm. Upon acceptance of an offer you will need to provide an original official document e.g. new style driving license/passport for copying purposes, to be held on file in order to comply with our obligations as estate agents covered by the act.
Compass Land & Development for themselves, and for the vendors of the land, whose agents they are, give notice that; (A) These particulars are produced in good faith, but are set out as a general guide only and do not constitute any part of a contract; (B) No person in the employment of Compass Land and Development has any authority to make or give any representation or warranty what so ever to the land June 2016. These details are presented subject to Contract and without prejudice.
Property Features :
- INVESTMENT OPPORTUNITY - 3 bed semi detached house
- 1 bed ground floor flat
- 2 bed 1st floor flat
- Adjoining office/storage
- Off road parking
- Good rental income
- Convenient location
- EPC rating - D/E