Call the team on 01603 505 100 for more information
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
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.