High yielding residential investment - 6 bedroom semi-detached house - student let producing £19,392 pa

This semi-detached house is believed to date from the 1920s and has a rear extension which was built in the mid-1990s. It has been used as a student let for over 20 years so is well established. It is registered with UEA www.homerunstudentpad.co.uk and we are informed by the owners there has never been a void since they purchased the property. It is currently let at £1,616 pcm (£19,392 pa) under a 11.5 month Assured Shorthold Tenancy dated 8th July 2017. The rent includes water but excludes electricity and gas which the students pay in addition. The current arrangement is that each student pays £25pcm towards bills and each pay a deposit of £255 (£1,530 in total) which is held in a deposit protection scheme (www.mydeposits.co.uk). The property is well located only a mile west of the city centre, close to a range of services and amenities.

Tenure

Freehold

Description

Ground Floor

Entrance hall, bedrooms 1 and 2, sitting room/kitchen, shower and w.c.

First Floor

Landing, bedrooms 3, 4, 5 and 6, shower and w.c.

Outside

Front and rear yard

Viewing

Open days - dates and times to be confirmed

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. Tel: 0344 980 3333

Solicitors

Leathes Prior, 74 The Close, Norwich NR1 4DR, Ref: Mr S Wilson, Tel: 01603 281012

Additional Fees

Administration Charge - 0.3% including VAT subject to a minimum of £840.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.