This unique mid-terrace property presents an excellent investment opportunity, arranged as four fully self-contained flats across three floors. The property is currently generating an impressive gross yield of 11.7%. Each flat features its own kitchen, shower room, and dedicated storage space, ensuring convenience and privacy for tenants. The property consists of two studio flats and two one-bedroom flats, along with a communal laundry area. With some tenants having resided here for over six years and keen to continue their tenancy under a new landlord, this property offers immediate rental income stability.Flat Breakdown:Flat 1 (Studio) – Located at the rear of the property, this studio features a modern kitchen, a main living area with an en-suite, and exclusive access to a private ceiling storage area.Flat 2 (Studio) – Situated on the left upon entering the property, this studio includes a contemporary fitted kitchen leading into a living and sleeping area, complemented by a bay window facing the front aspect. Additional private under-stairs storage is also available.Flat 3 (One-Bedroom) – The largest unit, occupying the first floor, it boasts a spacious modern kitchen, a generous living room, a separate bedroom, and an en-suite bathroom.Flat 4 (One-Bedroom) – Positioned in the roof space, this flat features an open-plan kitchen and lounge area, a bedroom with a Velux window, and a separate bathroom. Externally, the property benefits from a communal courtyard and is ideally located near Devonport Naval Base. This property is for Cash Buyers Only – A fantastic opportunity to expand your portfolio with a well-established rental property in a prime location! EPC:C
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.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Pilkington Estates - Stoke. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Pilkington Estates - Stoke for full details and further information.