39 & 39a Aylsham Road, Norwich, Norfolk NR3 3EY
- PROPERTY TYPE
Block of Apartments
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- High yielding residential investment comprising a house and two flats
- Fully let producing around £37,380 pa
- Guide price: £250,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 11:00am, Wednesday 24th July 2024
Description
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 24TH JULY AT 11AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
High yielding residential investment comprising a house and two flats let producing around £37,380 pa
This lot comprises a four bedroom end terrace house and two self contained flats. Currently all are let on assured shorthold tenancies and produce around £3,115 pcm (£37,380 pa) in total. No 39 is a 121 sq/m end terrace house with four letting rooms. 39a is a 18 sq/m ground floor studio flat accessed off Eade Road. The studio is a 24 sq/m former double garage converted a few years ago into a one bedroom ground floor flat at the back of the property, also accessed from Eade Road. We are informed that garage conversion would require retrospective planning permission.
With a yield of over 10% at the guide after bills, this offers an opportunity for an investor looking for a high yielding income with a rental stream from a number of separate units.
Accommodation - 39 Ground Floor: entrance hall, kitchen, front room with en-suite shower and wc
First Floor: landing, front room with en-suite shower and wc and separate kitchen upstairs, middle room with en-suite shower and wc, back room with entrance hall and separate bathroom
Accommodation - 39a Ground floor studio flat with lounge / kitchen / bedroom, shower room and wc
The Studio: entrance hall, shower room with wc, kitchen, bedroom, sitting room
Rent Schedule - 39 Ground Floor: AST dated 27th September 2022, £460 pcm (£5,520 pa) including bills
First Floor/Front Room: AST dated 22nd October 2022, £400 pcm (£4,800 pa) including bills
First Floor/Middle Room: AST dated 1st October 2022, £405 (£4,860 pa) including bills.
First Floor/Back Room: AST dated June 2020, £350 pcm (£4,200 pa) including bills
Rent Schedule - 39a Ground Floor Studio Flat: AST dated 23rd September 2012, £600 pcm (£7,200 pa) includes utilities but not council tax
The Studio: 6 month AST dated 15th May 2024 £900 pcm (£10,800 pa) including utilities but excluding council tax
Outside Off road parking for two vehicles to rear, front and side garden and rear yard.
Council Tax Band A
Viewing Individual viewings can be arranged. Please call the Norwich Office to book an appointment.
Tenure: Freehold
EPC Rating: D
Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Buyer's Premium Fee: £600 inc 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.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
39 & 39a Aylsham Road, Norwich, Norfolk NR3 3EY
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Norwich Station1.2 miles
- Salhouse Station4.9 miles
About the agent
Market position
Auction House East Anglia are firmly established as East Anglia's no.1 property auctioneers (based on lots sold) and we sell over 80% of lot entries in our local auctions. We hold regular auctions in Norfolk and Suffolk and Cambridgeshire and have offices in Norwich, Kings Lynn, Peterborough and Ipswich.
Trusted BrandAuction House East Anglia is part of the Auction House UK group of
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 202404190905sq_fn8j_copy_2024-06-20_103731. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, Covering East Anglia. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Covering East Anglia on 01603 361653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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