Property Description

An excellent freehold high yield residential investment opportunity to acquire a recently renovated terraced house converted into 2 x 1 bedroomed self-contained flats finished to an exceptionally high standard. Both flats are now let on ASTs £575 per calendar month (£6,900 per annum) therefore producing an impressive combined rental income of £13,800 per annum. This will represent an impressive 13.14% return based on the guide price. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. Internally the property has undergone a comprehensive scheme of improvements to include uPVC double glazed windows, re-plastering, new flooring, rewiring, new gas central heating system along with newly fitted kitchen and shower rooms. A recommended internal inspection will reveal communal entrance hall providing access to both flats which consist of a very similar style layout comprising of lounge, separate double bedroom, contemporary style fitted kitchen with integrated fridge/freezer, dishwasher, washing machine, oven/hob with extractor hood and their own separate combination boilers and luxury fitted shower rooms. Outside the to the front there is small forecourt and to the rear the flats share a low maintenance alfresco style garden. The property is situated in the context of an established and popular residential location, close to local amenities and the nearby A38 provides swift access onto the M1 Motorway and the cities of Derby and Nottingham. The property is offered for sale with immediate vacant possession and offers the new owner the opportunity to choose their own tenants.

Communal Entrance Hall

9ft5 x 3ft5

Ground Floor Flat

Comprising -

Bedroom

12ft into chimney recess x 12ft

Lounge

12ft 5 into chimney recess x 12ft 2

Kitchen

14ft 5 x 8ft 4

Shower Room

5ft 7 x 3ft 8

First Floor Flat

Comprising -

Split Level Landing

12ft x 6ft 1 into recess

Lounge

15ft 9 x 12ft 2

Bedroom

12ft 1 x 9ft 5

Kitchen

10ft 4 x 8ft

Shower Room

8ft x 3ft 5

Outside

To the front there is small forecourt and to the rear an enclosed low maintenance garden incorporating an alfresco style living.

Please note:

We are informed by the seller there has been structural movement in the past and we recommend perspective buyers to make their own enquiries.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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