A portfolio of 3 residential flats located in Wakefield. With valuable amenities in close proximity, rewarding rental returns and a tenant currently situated, this is a fantastic opportunity for investors looking to expand their portfolio! This property consists of three self-contained flats, each with its own private entrance. The ground-floor flats each feature a spacious bedroom and lounge, a modern bathroom, and a well-equipped kitchen with ample cupboard storage. The upstairs flat offers two bedrooms, a larger lounge, and the same modern bathroom and kitchen features. Off-road parking is also available for added convenience. Investment details It currently produces an annual gross income of £21,732 which could be increased by the new owner to a market rate of £31,200 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio. For greater detail on this property's investment potential, please see the Let Property Pack linked below. If you are interested, please call us. Tenancy Details The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property. Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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