Property Summary
Investment Opportunity – Tenant in Situ – Approx. 14.6% Yield
A well-presented two-bedroom mid-terraced property located on Thorpe Street, offered for sale with a long-standing tenant in situ currently paying £550 PCM. The tenant has an excellent payment history with no arrears or issues, and the property has been well maintained throughout the tenancy, making this an ideal turnkey investment for landlords seeking immediate rental income from day one.
The accommodation briefly comprises a lounge, fitted kitchen, two bedrooms, and a family bathroom, along with a rear yard/garden area. Conveniently located close to local amenities, schools, and transport links, the property is well positioned for continued rental demand.
Being sold via auction, the property offers an attractive average gross yield of approximately 14.6%, including reserve and auction fees. An excellent opportunity for both new and experienced investors looking to add a ready-made income-producing property to their portfolio.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
A well-presented two-bedroom mid-terraced property located on Thorpe Street, offered for sale with a long-standing tenant in situ currently paying £550 PCM. The tenant has an excellent payment history with no arrears or issues, and the property has been well maintained throughout the tenancy, making this an ideal turnkey investment for landlords seeking immediate rental income from day one.
The accommodation briefly comprises a lounge, fitted kitchen, two bedrooms, and a family bathroom, along with a rear yard/garden area. Conveniently located close to local amenities, schools, and transport links, the property is well positioned for continued rental demand.
Being sold via auction, the property offers an attractive average gross yield of approximately 14.6%, including reserve and auction fees. An excellent opportunity for both new and experienced investors looking to add a ready-made income-producing property to their portfolio.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Full Details
Lounge 4.04 x 3.86
With carpet flooring, radiator, double glazed window
Kitchen Dining Room 3.50 x 2.50
With a range of wall and base units, double glazed window, radiator, free standing oven, plumbing for a washing machine
Bathroom 2.53 x 1.24
Part tiled bathroom suite with bath and mixer shower tap, wash hand basin, lino flooring, radiator and double glazed window
Bedroom 1 3.83 x 3.04
With carpet flooring, radiator and double glazed window
Bedroom 2 3.87 x 3.61
With carpet flooring, radiator and double glazed window
WC
With W/C, lino flooring and double glazed window
Auction Disclaimer
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Disclaimer
1/ Holbrook Estate Agents has not tested any services, appliances or heating and no warranty is given or implied as to their condition. 2/ All measurements are approximate and intended as a guide only. All our measurements are carried out using a regularly calibrated laser tape but may be subject to a margin of error. 3/ We believe the property is freehold but we always recommend verifying this with your solicitor should you decide to purchase the property. 4/ Fixtures and fittings other than those included in the above details are to be agreed with the seller through separate negotiation. 5/ All EPC`s are generated by a third party and Halbrook Ltd accepts no liability for their accuracy.