Property description
Located on the south side of Grantham is this established and well presented end of terraced property that also boasts a generous garden and off road parking. The accommodation includes Lounge, Dining Room, Kitchen, THREE Bedrooms and Bathroom. Outside there is a driveway and larger than expected gardens to the rear.
ENTRANCE HALL
With double glazed entrance door, stairs rising to the first floor, radiator.
DINING ROOM - 14' 9'' x 9' 3'' (4.49m x 2.82m)
With double glazed bay window to the front aspect, radiator.
LOUNGE - 15' 5'' x 14' 0'' (4.70m x 4.26m)
With double glazed window to the rear aspect, radiator, under stairs storage.
KITCHEN - 15' 5'' x 5' 6'' (4.70m x 1.68m)
With window and door to the side aspect, eye and base level units, space for cooker, space and plumbing for washing machine, stainless steel sink with drainer, radiator and tiled flooring.
FIRST FLOOR LANDING
With airing cupboard and loft hatch access.
BEDROOM ONE - 13' 6'' x 9' 3'' (4.11m x 2.82m)
With double glazed window to the rear aspect, radiator.
BEDROOM TWO - 12' 8'' x 8' 4'' (3.86m x 2.54m)
With double glazed window to the front aspect, single wardrobe and radiator.
BEDROOM THREE - 9' 4'' x 6' 8'' (2.84m x 2.03m)
With double glazed window to the front aspect, single radiator.
BATHROOM
With obscure double glazed window to the rear aspect, a 3-piece suite comprising bath, wash handbasin and low level w.c.
OUTSIDE
There is off-road parking to the front with side access which leads on to a private garden at the rear with lawn.
COUNCIL TAX
The property is in Council Tax Band A.Yearly figures - 2014/2015 - £954.92
INVESTMENT DETAILS
The property currently has good quality tenants committed to the property on a rolling contract. They currently pay £500pcm, however this is lower than rental valuation of £520 and is set lower to reward the tenant loyalty. Currently let at £500 pcm.£500 x 12 months = £6,000 per annum income.£6,000 divided by a property purchase price of £110,000 = 5.45% annual yield. If relet at £520 per calendar month rent the on the same equation above the yield produced would be 5.67%
Image of neighbourhood
Image of kitchen
Image of living room
Image of dining room
Image of living room
Image of front lawn
Property Features :
- Established end of Terrace
- Investment opportunity
- THREE Bedrooms
- Lounge & Dining Room
- Off Road Parking