3 Bedroom Terraced House

🏡 ASKING PRICE £160,000 | CASH BUYERS ONLY | HIGH YIELD FREEHOLD INVESTMENT | TENANTS IN SITU

An opportunity to acquire this freehold investment property currently arranged and occupied as two self-contained 1 bedroom flats, being sold with long-term tenants in situ.

The property currently generates a combined rental income of £1,346 PCM TBV (£16,152 per annum - TBV), split equally.

PLEASE NOTE: THIS PROPERTY IS NOT CONSIDERED MORTGAGEABLE IN ITS CURRENT FORM AND IS AVAILABLE TO CASH BUYERS ONLY.

The property remains a single freehold title and is not split into separate leasehold flats. The property has operated in its current arrangement for over 20 years.

Both flats are occupied by long-term tenants, with no rent arrears.

Additional benefits include:

Approx. 10.1% Gross Yield (TBV)
Immediate Rental Income of £16,152 PA (TBV)
No Onward Chain
Two EPC Certificates
Two Electrical Installation Certificates
Two Gas Safety Certificates
Established Long-Term Tenants
Freehold Property Arranged As Two Flats

The property previously hasn’t required building permission for the works carried out, therefore the seller will provide an indemnity policy. Due to the current setup of the property, buyers are advised to carry out their own investigations.

There may also be potential for the property to be converted back into a traditional three-bedroom house layout in the future.

A fantastic high-yield opportunity for investors. If you would like to arrange a viewing or require further information, please get in touch.

***AGENTS NOTE*** In accordance with the estate agency act of 1979 we declare that a member or staff within Regan-Kennard Property Partners has a personal interest in the sale of this property. 

We are required by law to conduct Anti-Money Laundering checks on all parties involved in the sale or purchase of a property. We take the responsibility of this seriously in line with HMRC guidance in ensuring the accuracy and continuous monitoring of these checks. Our partner, Movebutler, will carry out the initial checks on our behalf. They will contact you once your offer has been accepted, to conclude where possible a biometric check with you electronically.

As an applicant, you will be charged a non-refundable fee of £30 (inclusive of VAT) per buyer for these checks. The fee covers data collection, manual checking, and monitoring. You will need to pay this amount directly to Movebutler and complete all Anti-Money Laundering checks before your offer can be formally accepted.