Property Description

DRAFT DETAILS - AWAITING APPROVAL Situated within walking distance of the Derbion and the city centre is a pair of very attractive Victorian semi-detached properties converted into five, one and two bedroomed flats being part let, part vacant currently producing £17,340 per annum. There is potential for a loft conversion subject to obtaining the usual planning consents and significant rental increase once some of the flats have been improved. In our opinion the estimated rental income when fully let is likely producing in excess of £30,000 per annum. This would represent an approximate 10% return based on the guide price. The property is situated in the context of an established residential location always a firm favourite with landlords and investors locally and nationally. In brief the well equipped flats which are all uPVC double glazed and offer well equipped living accommodation comprise an L-shaped entrance hall, a one bedroomed ground floor flat that we were unable to gain access to is vacant. To the first floor there is a two bedroomed flat currently let at £475 per calendar month (£5,700 per annum). To number 16 there is a side entrance hall, a one bedroomed ground floor flat which is currently vacant, a further one bedroomed flat which is currently let at £475 per calendar month (£5,700 per annum) and a two bedroomed first floor flat which is currently let at £495 per calendar month (£5,940 per annum). Outside to the side of the property there is gated access with driveway providing useful car standing space and leading to a low maintenance rear garden with further potential off-road parking for a small vehicle. We have been advised by vendor that four of the five flats have had walls internally insulated and come with 25 year guarantee. Please note that we have been contacted by a neighbour regarding access to parking. The seller and her late husband purchased the property 22 years ago. Various tenants have parked at the rear of the property during all that period of time. The right to access has not been raised with the seller in any form, orally or otherwise by any owners of adjoining or adjacent properties at any time during the period of ownership. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. We have also been informed by the seller that the tenants will be vacating and the legal pack states that the property is sold with vacant possession.

15 CHARNWOOD STREET

Comprises -

L-Shaped Entrance Hallway 11ft 10 x 22ft 3

Entered by a door to front, storage heater, double glazed window to the side.

Flat 15a

A vacant one bedroomed ground floor flat. The auctioneers were unable to obtain access.

First Floor Landing

With further stairs leading to the loft room where in our opinion there is potential for a loft conversion subject to obtaining the usual planning and building regulations. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.

Flat 15b

Let on an assured shorthold agreement at £475 per calendar month (£5,700 per annum). Comprises -

L-Shaped Entrance 12ft 4 x 6ft 8

Giving access to -

Lounge 22ft 2 into chimney recess reducing to 14ft 3 x 14ft 5

With two uPVC double glazed windows, panel heaters, vinyl flooring.

Kitchen 8ft 5 x 8ft 1

With uPVC double glazed window. A fitted kitchen with stainless steel built in electric oven and electric panel heater.

Bathroom 7ft 4 x 5ft 6

Comprising a three piece suite.

Bedroom One 10ft 3 x 6ft 10

Please note this is an irregular shaped room. With uPVC double glazed window, walk-in cupboard, airing cupboard and vinyl flooring.

Bedroom Two 11ft 2 x 7ft 5

With uPVC double glazed window and wall mounted panel heater.

16 CHARNWOOD STREET

Comprises -

Side Entrance Hall

Leading to -

Flat 16b

A vacant flat. Comprising -

Entrance Lobby 5ft 10 x 2ft 10

With airing cupboard and plumbing for washing machine.

Shower Room 7ft 7 x 6ft

Please note this is an irregular shaped room. With three piece bathroom suite with over bath electric shower.

Bedroom One 11ft x 7ft 2

With uPVC double glazed window.

Lounge 18ft 5 x 10ft 10

With uPVC double glazed window, storage heater and understair storage.

Kitchen 9ft 6 x 7ft

With uPVC double glazed window. Fitted kitchen with built in oven and hob.

Flat 16a

Let on an assured shorthold tenancy at £475 per calendar month (£5,700 per annum). Comprising -

Entrance Lobby 4ft 1 x 3ft

Leading to -

Lounge 16ft x 12ft 9 maximum

With two uPVC double glazed windows.

Kitchen (not measured)

With fitted units with built in oven.

Inner Lobby 8ft 7 x 3ft 9

With airing cupboard.

Bedroom 16ft 5 x 7ft 3

With two uPVC double glazed windows.

Bathroom 8ft 8 x 5ft 2

Comprising a three piece suite.

First Floor Landing

Giving access to -

Flat 16c

Let on an assured shorthold agreement at £495 per calendar month (£5,940 per annum). Comprises -

Entrance Lobby

With airing cupboard and loft access.

Lounge 22ft 6 reducing to 14ft 8 x 12ft 11

With two uPVC double glazed windows and electric panel heaters.

Kitchen 8ft 3 x 7ft 9

With uPVC double glazed window. Fitted kitchen with built-in oven and hob.

Bedroom One 11ft 4 x 7ft 10

With uPVC double glazed window.

Bedroom Two 10ft 4 reducing to 9ft 1 x 9ft 4

With uPVC double glazed window and built in wardrobe.

Bathroom 7ft 5 x 5ft 7

Comprises a three piece bathroom suite with over bath electric shower.

Outside

To the side of the property there is a driveway with gated access providing useful car standing space and leading to a low maintenance garden with further potential off-road parking for a small vehicle.

Tenure

Freehold

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