End terrace house for sale in 21 St. Martins Road, & 21 St. Marys Road, Norwich, Norfolk NR3

For sale by auction on Wednesday, 12 Jun 2024 at 10:00

Venue: Livestream Auction

High yielding residential investment comprising a house and flat let producing over £30,000 pa

This lot comprises a four bedroom end terrace house (HMO) and a self contained flat. Currently all are let on assured shorthold tenancies and produce around £2,505 pcm (£30,060 pa) in total which includes council tax, electricity and water. 21 St Martins Road is a 120 sq/m end terrace house with four letting rooms. 21 St Marys Road is a 25 sq/m ground floor one bedroom flat accessed off St Marys Road. It was a converted from a garage many years ago and is located at the back of the property.

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.

Accommodation and rent schedule
21 St Martins Road
Ground Floor: Entrance hall, kitchen, shower room and wc, lean to

front room on AST dated 1st October 2022, £355 pcm (£4,260 pa)

middle room, AST 2nd October 2023, £400 pcm (£4,800 pa)

First Floor: Landing, kitchen, bathroom

middle room AST dated 2nd October 2023, £400 pcm (£4,800 pa)

front room AST dated September 2022, £700 pcm (£8,400 pa) with room above

Outside: Front, side and rear garden, outbuilding

21 St Marys Road
Ground Floor: Bedroom, sitting room / kitchen, shower room and wc, tenant in occupation around 3 years, £650 pcm (£7,800 pa)

Council Tax Band

B

Viewing
Individual viewings can be arranged - the next are on Friday 7 June appointment essential - please call our Norwich office to arrange the next available slot.

EPC Rating: 21: E & 21a: D

Additional Fees
Buyers 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.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.