•Four-bedroom mid terrace property
•Asking price: £350,000
•Highly sought-after location
•Potential to let on a room-by room basis (subject to licencing)
•Potential gross yield of 8.57% (subject to licencing)
This mid terrace property offers spacious accommodation arranged over ground, first and second floors.
Accommodation to the ground floor includes reception hall with wooden staircase leading to the first floor, under stairs storage and door leading to the lounge. The lounge includes feature box bay window to the front elevation and feature fireplace with wood surround, and gas central heating radiator.
The dining room includes double glazed window to the rear elevation and radiator. The kitchen is fitted with a range of high gloss, base and eye level units, stainless steel sink and tiled splashbacks, integrated gas hob and oven below, with extractor fan above. The kitchen provides access out to the rear garden. There is an open plan doorway which leads to a utilities room, leading to the sun room with plumbing for a washing machine, tumble dryer and radiator.
The first floor includes master bedroom benefiting three double glazed windows to the front elevation. The second bedroom is located to the rear elevation, with one double glazed window. There is also a study room to the first floor, and a bathroom with three-piece suite, part tiled walls and wall mounted towel radiator. The study room has good potential to convert to a second bathroom.
The second floor includes two further double bedrooms both benefitting from double-glazed windows and GCH radiator.
Externally, the property has a concrete side courtyard area which leads to the low maintenance rear garden with path giving access to a gate at the rear. To the front of the property is hardstanding that could provide off street parking.
Total - 1800ft2 (taken from EPC)
We understand the property to have mains gas, electricity, water and drainage.
The property is to be sold with vacant possession. However, there is potential to let the property on a room-by-room basis subject to obtaining the necessary licencing permissions. We envisage each room to let at £500 pcm, totalling an income of £2,500 pcm if let as five bedrooms. This would provide a total annual income of £30,000 pa, reflecting a potential gross yield of 8.57%, based on the guide price.
The property is rated in Council Tax Band C. Council Tax payable (2019/2020) is approximately £1,759.
A Buyer’s Premium of 1% (min. £900) inc. VAT is payable on top of the purchase price. Please take in to account when offering on the property.
Viewings by appointment only. Please contact one of our agents on 0115 970 6060 or email email@example.com to arrange a viewing.