- Being Sold via Secure Sale Online Bidding. Terms & Conditions apply. +
- Three Bedroom Mid Terrace House +
- Tenant In-Situ Wishing to Remain +
- Let at £144.23 per week (£7,500 p.a.) +
- Gross Yield of Approx. 16.7% at £45,000 +
A well-proportioned three-bedroom mid-terrace investment property offered for sale by auction, representing an excellent addition to an established lettings portfolio.
The accommodation is arranged over two floors and briefly comprises a living room, separate sitting/dining room, fitted kitchen with a range of units, rear entrance lobby and a bathroom fitted with an attractive white suite. To the first floor are three generously sized bedrooms.
The property benefits from uPVC double glazing, a gas central heating system and gardens to both the front and rear.
The property is currently let at £144.23 per week, producing an annual income of approximately £7,500. Based on the starting bid price of £45,000, this provides a very strong gross yield in the region of 16.7%. The tenant is established and wishes to remain, making this an attractive turnkey investment opportunity.
An excellent income-producing buy-to-let opportunity with immediate return.
GROUND FLOOR
Living Room
3.53m (into the chimney recess) x 3.43m - With radiator, uPVC double glazed window and uPVC double glazed entrance door.
Sitting Room
4.46m x 3.51m
With stairs to the first floor accommodation. Radiator and uPVC double glazed window unit.
Kitchen
4.07m x 1.94m
Partially tiled with a range of wall and base units incorporating sink unit with drainer and mixer tap, gas point for a cooker with extractor. Gas fired central heating combination boiler. Radiator and uPVC double glazed window unit.
Rear Entrance Lobby
With storage cupboard. uPVC double glazed entrance door.
Bathroom
Partially tiled and fitted with an attractive white 3 piece suite comprising panelled bath with a mixer tap and shower attachment, pedestal basin and low flush w.c. Glazed shower screen. Extractor. Radiator and uPVC double glazed window unit.
FIRST FLOOR
Landing
Bedroom 1
3.62m x 3.46m
With radiator and uPVC double glazed window unit.
Bedroom 2
3.5m x 2.57m
With radiator and uPVC double glazed window unit.
Bedroom 3
3.4m x 1.97m
With radiator and uPVC double glazed window unit.
OUTSIDE
Gardens
The property has gardens to the front and rear.
Tenancy
The property is currently let on an Assured Shorthold Tenancy agreement at a passing rent of £144.23 per week with the Tenant wishing to remain in occupation. The property is currently managed through Jackson Green & Preston Estate Agents.
Council Tax Band: A
Tenure: Freehold