High yielding residential investment comprising a four bedroom student house let producing £15,000 pa

This ex local authority four bedroom mid terrace house is located less than a mile from the UEA and three miles west of the city centre. It is let to students on an assured shorthold tenancy with a rent of £1,250 pcm (£15,000 pa). It is in good decorative order, has double glazing and gas fired central heating. It has been an established student house for ten years and would be an ideal purchase for an investor looking for an attractive yield.

Tenure

Freehold

Ground Floor

Entrance hall, sitting room, bedroom 4, kitchen, shower, wc, utility

First Floor

Landing, three bedrooms, bathroom

Outside

Front and rear garden, timber sheds.

Council Tax Band

B

Energy Efficiency Rating (EPC)

Current Rating Please refer to Legal Pack

Services

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

Local Authority

Norwich City Council

Solicitors

Spire Solicitors LLP (Norwich), Ref: Haydn Orford, Tel: 01603 677077

Additional Fees

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.