High yielding residential investment comprising a house and two flats let producing around £37,380 pa

This lot comprises a four bedroom end terrace house and two self contained flats. Currently all are let on assured shorthold tenancies and produce around £3,115 pcm (£37,380 pa) in total. No 39 is a 121 sq/m end terrace house with four letting rooms. 39a is a 18 sq/m ground floor studio flat accessed off Eade Road. The studio is a 24 sq/m former double garage converted a few years ago into a one bedroom ground floor flat at the back of the property, also accessed from Eade Road. We are informed that garage conversion would require retrospective planning permission. 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 - 39

Ground Floor: entrance hall, kitchen, front room with en-suite shower and wc First Floor: landing, front room with en-suite shower and wc and separate kitchen upstairs, middle room with en-suite shower and wc, back room with entrance hall and separate bathroom

Accommodation - 39a

Ground floor studio flat with lounge / kitchen / bedroom, shower room and wc The Studio: entrance hall, shower room with wc, kitchen, bedroom, sitting room

Rent Schedule - 39

Ground Floor: AST dated 27th September 2022, £460 pcm (£5,520 pa) including bills First Floor/Front Room: AST dated 22nd October 2022, £400 pcm (£4,800 pa) including bills First Floor/Middle Room: AST dated 1st October 2022, £405 (£4,860 pa) including bills. First Floor/Back Room: AST dated June 2020, £350 pcm (£4,200 pa) including bills

Rent Schedule - 39a

Ground Floor Studio Flat: AST dated 23rd September 2012, £600 pcm (£7,200 pa) includes utilities but not council tax The Studio: 6 month AST dated 15th May 2024 £900 pcm (£10,800 pa) including utilities but excluding council tax

Outside

Off road parking for two vehicles to rear, front and side garden and rear yard.

Council Tax Band

A

Viewing

Individual viewings can be arranged. Please call the Norwich Office to book an appointment.

Energy Efficiency Rating (EPC)

Current Rating D

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

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.