A perfect investment opportunity! This Victorian property converted into 5 separate luxury flats, all of which are currently let, is located in the popular area of Balby, close to Doncaster Town Centre.
A gross yield of 8.7% is currently obtained on this investment.
Flat 1 is a basement flat with rear private entrance. Comprising double bedroom, living room, kitchen area and shower room.
Flat 1 is currently rented at £120 pw
Flat 2 is a ground floor flat also with rear private entrance. Comprising double bedroom, living room, kitchen area and shower room.
Flat 2 is currently rented at £130 pw
Flat 3 is a first floor studio flat with ensuite shower room, living room and kitchen area.
Flat 3 is currently rented at £100 pw
Flat 4 is first floor studio flat with living/bedroom area, fitted kitchen and ensuite shower room.
Flat 4 is currently rented at £95 pw
Flat 5 is a one bedroom flat situated on the top attic floor comprising living/kitchen and ensuite shower room.
Flat 5 is currently rented at £130 pw
Flats 3,4 and 5 are all accessed by communal entrance.
There are no communal expenses that the landlord is responsible for except for cleaning of the communal areas.
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Rent roll of £580.00 per week or £30,160.00 p.a. Asking Price: £339,950.00. Gross Yield of 8.7%.
To the basement of the property with access to the communal hallway but it also has its own private rear access.
Small entrance hall leading to the large open plan living/kitchen area with quality fitted kitchen with a range of base and wall units. Integrated hob and oven with extractor. The entrance hallway also leads off to the flats shower room, fitted with low level W.C. And wash hand basin, along with single shower cubicle. Double bedroom with carpet, heater and double glazed window.
To the ground floor of the property is the largest flat. Again with entrance to the communal hallway or to the side of the property as a private entrance, this property is the only flat in the development served by gas as well as electric. With a very large living/kitchen/dining area, this room benefits from large windows letting in a lot of light. Small utility area which leads to the large bathroom. A double bedroom to the front of the property completes this very pleasant flat.
To the rear of the property is Flat three. On the first floor with entrance opening up to the living/bedroom area, this studio has open doorway to the ktichenette area. Good sized shower room. This room has a beautiful feature fireplace and windows to the rear and side of the property.
To the first floor, this property, this flat is again a studio flat. With entrance to the utility area, the property opens up and leads to the shower room and further to the living/kitchen. It benefits from the bay window to the front of the property and is a very light room.
To the top floor of the property and entered from the first floor landing. The entrance leads up a flight of stairs to a half way landing. This then leads to the ensuite bedroom at the rear of the property. With shower room with low level W.C and wash hand basin. The half landing then leads to the large living area. With Velux windows and a large window over looking the side of the property, this room has a beautiful feature fireplace. A range of base and wall units to the kitchen with belfast sink.
Large entrance hallway, accessed via keyless entry system. Period features, central heating radiator and entrances to all Flats within the development.
Please note that properties are served by separate electric meters and gas meter (Where applicable).
The rental amount includes water and Wifi.
Council tax and TV licence are the responsibility of the tenant.
The properties are listed with individual EPC's ranging from C and D.
The council tax band for the individual flats is A.