High yielding residential investment: Four bedroom house let producing £22,260 pa

This lot comprises a four bedroom end terrace house (HMO). Currently let on assured shorthold tenancies and producing around £1,855 pcm (£22,260 pa) in total which includes council tax, electricity and water. The property is a 120 sq/m end terrace house with four letting rooms. 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

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

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

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.