A tenanted end terraced house producing a good annual income

Along a quiet cul de sac within this popular village is this modern end terraced house with an established tenant in situ. Red Lodge is situated along the A11 corridor just 40 miles from Stansted Airport and offers a number of local amenities including a primary school, convenience store and public house/restaurant. The towns of Bury St Edmunds and Thetford are some 13 and 15 miles distant respectively. The property offers well maintained 2 bedroom accommodation complemented by double glazing and oil central heating along with an allocated parking space and has been let on an AST to the same tenant for the last 2 years with a current rent of £585pcm. With a yield of over 7% in relation to the low end of the Guide Price, we believe this to be a first class first investment or addition to any rental portfolio.

Tenure

Freehold

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating D

Services

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

Local Authority

Forest Heath District Council. Tel: 01638 719000

Solicitors

Metcalfe Copeman & Pettefar LLP, 28-32 King Street, King's Lynn PE30 1HQ, Ref: Ms C Widdows, Tel: 01553 778100

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.