Five bed terraced house split into two flats with no chain and excellent investment opportunity near Saltwell Park. SOLD AS SEEN - including contents.
Similar flats in the area let for up to £800pcm depending on standard. Based on a combined rental income of £1,600 per month, the flats offer a strong potential rental yield of approximately 14% at the asking price.
GROUND FLOOR FLAT (196)
Comprises an entrance lobby leading into an entrance hall with a storage cupboard. There is a large double bedroom to the front, a second bedroom to the rear, and a lounge with an additional storage cupboard.
The kitchen includes a built-in oven, a gas hob with extractor fan over, space for a fridge/freezer, and plumbing for a washing machine. A door from the kitchen provides access to an enclosed rear yard with rear access. The bathroom/WC has a bath and shower over, radiator, and extractor fan.
The ground floor flat benefits from gas central heating via a combi boiler and double glazed windows.
FIRST FLOOR FLAT: (194)
Accessed via its own entrance hall with stairs leading to the main landing. It features a double bedroom and a second bedroom to the front, along with a third bedroom to the rear.
There is a lounge with a storage cupboard and a kitchen offering space for a cooker with extractor fan over, plumbing for a washing machine. The bathroom/WC includes a bath, partial tiling and extractor fan. There are steps from the kitchen leading to a door that provides access to the enclosed rear yard.
The first floor flat also has gas central heating, powered by a Baxi boiler, and double glazed windows throughout.
Please note that any services, heating system, or appliances have not been tested and no warranty can be given or implied as to their working order.
The property is to be sold as a single entity, as both dwellings are held under one Freehold title.
MAKING AN OFFER: Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
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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