5 bed Flat For Sale £200,000
For sale by auction on Wednesday, 05 May 2021 at 11:00
Venue: Livestream Auction
High yielding residential investment producing nearly £22,000 pa
Five let flats
This large three storey mid terraced property with rear extension comprises of five self contained flats (four one bedroom flats and one studio flat). It extends to around 146 sqm of accommodation. Currently all the flats are let producing £21,876 pa. Each flat has a separate electricity supply. The tenant pays their own council tax and electricity bills and the landlord pays the water bill. Most of the property is double glazed.
The property is located less than two miles north of the town centre close to a range of services and amenities.
This is an ideal opportunity for an investor looking for a high yielding investment.
Description
Ground Floor
Communal entrance hall.
Flat One (31 sq/m): One bedroom flat let on an Assured Shorthold Tenancy at £373 pcm (£4,476 pa)
Flat Two (42 sq/m): One bedroom flat with separate rear access let on an Assured Shorthold Tenancy at £368 pcm (£4,416 pa)
Accommodation: Bathroom, sitting room, kitchen, bedroom
First Floor
Landing.
Flat Three (32 sq/m): Studio flat let on an Assured Shorthold Tenancy at £368 pcm (£4,416 pa)
Accommodation: Kitchen / dining room, shower room and wc, bedroom / sitting room
Flat Four (40 sq/m): One bedroom flat let on an Assured Shorthold Tenancy at £346 pcm (£4,152 pa)
Accommodation: Sitting room / kitchen, bedroom, shower room and wc
Second Floor
Flat Five (28 sq/m): One bedroom flat let on an Assured Shorthold Tenancy at £368 pcm (£4,416 pa).
Outside
Communal front shingle area and rear yard, access to rear via side road.
Viewings
Individual appointments can be booked on Wednesday 14 and 28 April - booking essential - Please call the Norwich office on to book the next available slot
EPC Rating: C&D
Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
High yielding residential investment producing nearly £22,000 pa
Five let flats
This large three storey mid terraced property with rear extension comprises of five self contained flats (four one bedroom flats and one studio flat). It extends to around 146 sqm of accommodation. Currently all the flats are let producing £21,876 pa. Each flat has a separate electricity supply. The tenant pays their own council tax and electricity bills and the landlord pays the water bill. Most of the property is double glazed.
The property is located less than two miles north of the town centre close to a range of services and amenities.
This is an ideal opportunity for an investor looking for a high yielding investment.
Description
Ground Floor
Communal entrance hall.
Flat One (31 sq/m): One bedroom flat let on an Assured Shorthold Tenancy at £373 pcm (£4,476 pa)
Flat Two (42 sq/m): One bedroom flat with separate rear access let on an Assured Shorthold Tenancy at £368 pcm (£4,416 pa)
Accommodation: Bathroom, sitting room, kitchen, bedroom
First Floor
Landing.
Flat Three (32 sq/m): Studio flat let on an Assured Shorthold Tenancy at £368 pcm (£4,416 pa)
Accommodation: Kitchen / dining room, shower room and wc, bedroom / sitting room
Flat Four (40 sq/m): One bedroom flat let on an Assured Shorthold Tenancy at £346 pcm (£4,152 pa)
Accommodation: Sitting room / kitchen, bedroom, shower room and wc
Second Floor
Flat Five (28 sq/m): One bedroom flat let on an Assured Shorthold Tenancy at £368 pcm (£4,416 pa).
Outside
Communal front shingle area and rear yard, access to rear via side road.
Viewings
Individual appointments can be booked on Wednesday 14 and 28 April - booking essential - Please call the Norwich office on to book the next available slot
EPC Rating: C&D
Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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