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High yielding residential investment comprising a house and flat let producing over £30,000 pa

This lot comprises a four bedroom end terrace house (HMO) and a self contained flat. Currently all are let on assured shorthold tenancies and produce around £2,505 pcm (£30,060 pa) in total which includes council tax, electricity and water. 21 St Martins Road is a 120 sq/m end terrace house with four letting rooms. 21 St Marys Road is a 25 sq/m ground floor one bedroom flat accessed off St Marys Road. It was a converted from a garage many years ago and is located at the back of the property. With a yield of over 10% at the guide after bills, this offers an opportunity for an investor looking for a high yielding income with a rental stream from a number of separate units.

Tenure

Freehold

Accommodation and rent schedule

21 St Martins Road

Ground Floor: entrance hall, kitchen, shower room and wc, lean to front room on AST dated 1st October 2022, £355 pcm (£4,260 pa) middle room, AST 2nd October 2023, £400 pcm (£4,800 pa) First Floor: landing, kitchen, bathroom middle room AST dated 2nd October 2023, £400 pcm (£4,800 pa) front room AST dated September 2022 , £700 pcm (£8,400 pa) with room above Outside: front, side and rear garden, outbuilding

21 St Marys Road

Ground Floor: bedroom, sitting room / kitchen, shower room and wc, tenant in occupation around 3 years, £650 pcm (£7,800 pa)

Council Tax Band

B

Viewing

Individual viewings can be arranged. Please call the Norwich Office to book an appointment.

Energy Efficiency Rating (EPC)

Current Rating 21: E & 21a: D

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

Norton Peskett (Great Yarmouth), Ref: Matthew Breeze, Tel: 01493 849225

Additional Fees

Buyer's Premium - £600 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.