Sold £275,000
- Block of Apartments
- 5 Bedrooms
- Tenure: Freehold
Call the team on 01603 505 100 for more information
High yielding residential investment: 5 let flats producing £24,300pa
This detached bungalow used to be a care home and was converted in the 1980's into five self contained freehold flats. It is set in an elevated position set back from the road. All the flats are currently let on a Assured Shorthold tenancies producing in total £2,025pcm (£24,300pa). Flats 4 and 5 have oil fired central heating, and the others night storage heating. Each flat has separate water and electricity meters. The tenants pay the council tax, electricity, oil and the landlord pays the water bill which amounts to £75pcm. Mattishall is located around five miles south east of Dereham and fourteen miles west of Norwich city centre and is well served with a range of services and amenities. This is an exciting investment opportunity for the shrewd investor.
Tenure
Freehold
Description
Flat 1: Entrance, sitting room, bedroom, shower room, kitchen, let at £390pcm.
Flat 2:
Entrance hall, sitting room, kitchen, bedroom, utility cupboard, bathroom, let at £390pcm.
Flat 3:
Entrance hall, kitchen, bathroom, sitting room, bedroom, let at £410pcm.
Flat 4:
Spacious hallway, kitchen, sitting room, bedroom, bathroom, let at £425pcm.
Flat 5:
Kitchen/breakfast room, bedroom, dining area, shower room, sitting room, utility area, let at £410pcm.
Outside:
Garage which goes with Flat 5, ample off-road parking to the front, communal side and rear gardens.
Viewing
Open days
Energy Efficiency Rating (EPC)
Current Rating Flat 1 - D Flat 2 - C Flat 3 - D Flat 4 - C Flat 5 - D
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Breckland District Council. Tel: 01362 695333
Solicitors
Ward Gethin Archer, 25 Market Place, Dereham, Norfolk NR19 2AX, Ref: Andrew Skuse, Tel: 01362 692182
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.
Floor Plans
Click the image to view the full-sized floorplan.
