For Sale By Auction | 11:00, 24 July 2024 | Lot 127a

21 St. Martins Road, Norwich, Norfolk NR3 3EU

*Guide | £180,000 - £200,000 (plus fees)

  • End of Terrace House
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 24/07/2024

Auction Time

11:00

Auction Venue

Livestream Auction

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

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 - £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.