Property description

Would suit Landlord with two self-contained one bedrooms flats. Based on recent rental income £10,500 p.a. (6.5% return on asking price). New gas boilers and some double glazing in 2014. Each flat has a kitchen, sitting room and double bedroom. There is a garden to the rear and parking on the road.

SITUATION
The end terraced property is situated in a residential area to the east of Plymouth city centre and roughly 1.5 miles from the A38 at Marsh Mills and Sainsbury’s.

DESCRIPTION
The property is divided into two self-contained flats, being a ground floor and first floor having shared front entrance into a Lobby or with separate alternative access at the rear. Both flats had new gas boilers installed late 2014 and new double glazed windows were fitted to the front elevation in December 2014.

The Ground Floor Flat comprises front Living Room, Double Bedroom, Separate W.C. off an Inner Hall with rear Kitchen and Shower room.

The First Floor Flat has a slightly larger Living Room at the front, Double Bedroom and towards the rear is a three piece Bathroom and Kitchen. A door off the kitchen has steps down to the rear garden.

OUTSIDE
There is an enclosed garden/courtyard which is slightly L-shaped to the side and rear of the property and a pedestrian gate forms the rear entrance. There is roadside parking on a first come/first served basis in the immediately vicinity.

SERVICES
Mains water, electricity, drainage and gas.

COUNCIL TAX BAND
Both Flats are Band A

EE RATING
Ground Floor Flat - E. First Floor Flat - D

NOTE: Both EPC’s were carried out in 2013 prior to the new gas boilers being fitted and the new double glazed windows to the front elevation.

TENURE
The property is Freehold and is offered for sale subject to one flat let on an A.S.T. (Assured Shorthold Tenancy). With both flats let out, it has recently produced a yearly income of £10,500. This recent rental income shows a return of over 6.5% on the asking price of £160,000.

AGENTS NOTE
Due to the flat being rented it would be appreciated if a few days notice could be given prior to intended viewings.

DIRECTIONS
From the Marsh Mills roundabout on the A38 take the A374 (Plymouth Road) towards the city. After 1/2 a mile branch left and at the roundabout take the first exit onto Old Laira Road, B3214. At the next mini-roundabout bear left keeping on the B3214 and at the next mini-roundabout again continue straight on, on the B3214 where just after a mile turn right into Wycliffe Road. Proceed for a short distance where the property will be found in the corner on the right hand side.