Princes Road

Key Features

Summary

Harmony Property Lettings are pleased to offer this great investment opportunity with tenants in situ.
The property is currently arranged as a 2 bed house with its own entrance from Princes Road and a 1 bed flat with its own entrance from Alexandra Lane.
Both dwellings are currently let on assured shorthold tenancy and achieve a yearly rent of £13,200 per annum which is a yield of just over 7.7% of the asking price.
The property would make a good investment or could easily be converted back to a 3 bed house by opening up the staircase. The Utilities are still supplying the property as a whole so the landlord pays the bills. There are card electric metes installed in each property and the tenants buy electric cards from the landlord. With the current arrangement it may be difficult to find a lender that will supply a mortgage, so this property would suit a cash buyer.
The property comprises of:
2 bed house - entrance hallway, lounge, kitchen, bathroom, 2 double bedrooms.
1 bed flat - entrance hall, lounge, kitchen, bathroom, double bedroom, plus a courtyard garden.

Full Description