- Investment Opportunity with £25,000 cashback incentive on completion +
- ROI in the region of 7% net, ROI in the region of 9% gross +
- Tenure : Freehold +
- EPC rating : E +
- Council Tax Band : 14a B and 14B C +
- ROI in the region of 9% gross +
£25,000 cashback incentive on completion. Nestled in the heart of Ashford on the prestigious Albert Road, this pre-1900 semi-detached house offers a tremendous investment opportunity for those seeking a property with great potential. Boasting 2 kitchens and an impressive 8 bedrooms, this spacious property is perfect for those looking for a lucrative investment opportunity.
The property is currently let as a fully licensed HMO and is split into two separate units.
14A Ground floor and accessed from Albert Road has three double bedrooms, a large kitchen, a shower room, and a separate WC.
Rental Income 14A B1 £600.00
Rental Income 14A B2 £580.00
Rental Income 14A B3 £600.00
14 B's First and Second floors are accessed from a side entrance in Hollington Place and have five double bedrooms, a newly fitted kitchen, a bathroom with an over bath shower, wash hand basin, and a WC as well as a separate WC.
Rental Income 14B B1 £600.00
Rental Income 14B B2 £555.00
Rental Income 14B B3 £600.00
Rental Income 14B B4 £555.00
Rental Income 14B B5 £550
Garage and Parking £200.00
Total Gross income (PCM) £4,840.00
Per Annum (Gross) £58080.00
Expenses (PCM)
Council Tax. £298.00
Water Rates £129.20
Utilities £341.93
Expenses (PCM) £769.13
Expenses (Per Annum) £9229.56
Per Annum (Net) £48,850.44
The detached double garage provides parking for up to two vehicles, with additional space in front of the garage. It can generate extra income in the region of £2400.00 per annum, making this property a genuinely versatile investment.
We have been managing this property for over fifteen years and it has a proven track record over this time It is rare to find a property of this nature in a highly sought-after street in the heart of the old t
14 A -
Entrance Hallway -
Wc -
Shower Room - With double cubicle and separate wash hand basin
Room 1 - 4.30m x 4.10m (14'1" x 13'5" ) - £600 A lovely double room with a bay window overlooking the front of the property.
Room 2 - 3.37m x 3.35 m (11'0" x 10'11" m ) - £580.00 with door leading out onto a small patio this room benefits from its own private access meaning you can come and go as you please
Room 3 - 3.80m x 2.41m (12'5" x 7'10" ) - £600.00 With separate lounge area this room feels more like a studio and has window from the lounge area opening to the side as well as window from the bedroom opening to the rear
Kitchen - 3.79 x 3.02 (12'5" x 9'10" ) - With fitted washing machine, oven and hob
Room 4 - 3.82m x 2.27 m (12'6" x 7'5" m ) -
Hall - With stairs to the first floor
Landing - Doors to rooms 1 and 2 and door to kitchen
Kitchen - 2.58 x 2.41 (8'5" x 7'10" ) - Newly fitted kitchen with oven and hob as well as washing machine.
Room 1 - 4.41m x 4.29m (14'5" x 14'0" ) -
Room 2 - 3.98m x 3.60m (13'0" x 11'9" ) -
Second Floor Landing -
Room 3 - 4.55 x 4.13 (14'11" x 13'6" ) -
Room 4 - 3.94m x 3.37m (12'11" x 11'0" ) -
Room 5 - 3.80 x 2.99 (12'5" x 9'9" ) -
Bathroom - With bath and over-bath shower as well as WC and wash hand basin
Wc - With WC and wash hand basin