High-yielding seven-bedroom terraced house towards the centre of Lowestoft

This terraced house is located towards the centre of Lowestoft and comprises seven bedrooms over three floors. The property benefits from a new kitchen and a shared patio to the rear. There is scope to increase this to eight bedrooms, and once modernised throughout, presents a fantastic opportunity to add value (stpp). The property is generating a monthly rental of £3,500pcm (£42,000 per annum), delivering a strong yield in excess of 15% at the guide price. The property benefits from an HMO licence.

Tenure

Freehold

Ground Floor

Kitchen. dining room, living room, bathroom

First Floor

Four bedrooms, shower room, w.c.

Second Floor

Three bedrooms

Outside

Patio to the rear.

Council Tax Band

B

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

East Suffolk Council

Solicitors

Norton Peskett (Lowestoft), Ref: Sophie Cooper, Tel: 01502 533019

Additional Fees

Buyer's Premium - £1400 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.