For Sale By Auction | 10:00, 12 June 2024 | Lot 17

67, 69, 71, 73, 75, 77 Lime Tree Avenue, Wymondham, Norfolk NR18 0EJ

Sold £407,500

  • Block of Apartments
  • Tenure: Leasehold. 120 year from 23rd November 1983

Call the team on 01603 505 100 for more information

Auction Date

Wed 12/06/2024

Auction Time


Auction Venue

Livestream Auction

High yielding residential investment comprising six studio flats let producing £36,960 pa

A single detached block of six studio flats. Currently all are let on Assured Shorthold Tenancies and produce £3,080 pcm (£36,960 pa). It is located next to the recreation ground in a good letting area of the town, close to a range of services and amenities. The block has been well maintained by the current owners. All the flats are double glazed and enjoy bright and airy communal areas. The ground rent is £60 per flat pa. With a yield of over 10% at the guide this offers a unique opportunity for an investor looking for a high yielding secure long term income.


Leasehold. 120 year from 23rd November 1983

Rent Schedule

67: £550 pcm, £6,600 pa 69: £455 pcm, £5,460 pa 71: £550 pcm, £6,600 pa 73: £450 pcm, £5,400 pa 75: £525 pcm, £6,300 pa 77: £550 pcm, £6,600 pa Total rent: £36,960 pa All are now periodic tenancies. except for 77 which will be periodic from 22nd May 2024.


Each apartment has similar room dimensions and comprises: Accommodation: reception room / bedroom, kitchen, dressing room, shower room


Communal gardens to three sides which are laid to lawn and off road parking for each apartment

Energy Efficiency Rating (EPC)

Current Rating D & E


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

Local Authority

South Norfolk Council


Leathes Prior (The Close), Ref: Lily Beel, Tel: 01603 281185

Offered in association with


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 - £900 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.