Property Description

Situated within a short walking distance of the city centre is an attractive bay fronted mid terraced property with potential to be a HMO, subject to any necessary licences. Being part let, part vacant currently producing an annual income of £9,840. At present three of the four bedrooms are tenanted and when fully let we would anticipate a gross income of £13,200 pa and based on the current guide price this would represent an impressive 13.2% return. In brief the well equipped living accommodation has the benefit of gas central heating, Upvc double glazing and consist of Entrance hall, bedroom, communal lounge, spacious dining kitchen with built in appliances (combination boiler), rear hall with modern fitted shower room and a separate WC. To the first floor landing are three bedrooms and a shower room. Outside to the front there is a small forecourt and immediately to the rear an easy to manage low maintenance garden. The property enjoys a convenient location always popular with landlords and investors locally and nationally. Excellent freehold residential investment opportunity.

Rooms

Room 1, et at £320 pcm (£3840pa). Room 3, let at £260 pcm (£3,120pa). Room 4, Vacant and previously let at £280 pcm (£3,360pa) Room 5, let at £240 pcm (£2,880pa)

Note

These tenancy figures are subject to the vendors providing the tenancy contracts – see legal pack for further information. In our opinion there is scope for some significant rental increase.

Tenure

Freehold

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