- Freehold
- Eight self-contained flats:
- 4 x one bedroom
- 4 x two bedroom
- Excellent condition following 2016 redevelopment
- Fully let subject to Assured Shorthold Tenancies – average occupancy period of 24 months
- Total Current Rent Reserved: £76,020 per annum
- Estimated Gross Rental Value: £79,000 per annum
- No arears
- Wide range of local amenities within easy walking distance
- Off-street private parking for eight cars
Offers in excess of £1,150,000 are invited for the Freehold interest, subject to all existing tenancies, subject to contract.
An acquisition at this level would reflect a gross initial yield of 6.6%
- Flat 1 (1 bed)
- Flat 2 (1 bed)
- Flat 3 (1 bed)
- Flat 4 (1 bed)
- Flat 5 (2 bed)
- Flat 6 (2 bed)
- Flat 7 (2 bed)
- Flat 8 (2 bed)




















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Investment Card
Rental income
£6,335 pcm
Est. costs
£2,652 pcm
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Breakdown (pcm)
Mortgage @3.69%
(interest only)
£2,652
Management @10%
£634
Voids @10%
£634
Maintenance @5%
£317
Insurance
£25
Cleaner
£60
Cashflow £3,683
6.6%
Gross Yield
3.8%
Net Yield
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Purchase costs
Deposit @25%
£287,500
Stamp Duty
£90,750
Legal
£1,500
Total cash needed £379,750
11.6%
Net ROCI