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3 bed terraced house
Jefferson Road, Sheerness ME12
Cash Buyers
£160,000
Next Steps
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Our Summary
- Cash buyers only - no chain
- Potential To Convert Back To A 3 Bedroom House
- Cash buyers only no chain
- 🏡 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
- PLEASE NOTE: THIS PROPERTY IS NOT CONSIDERED MORTGAGEABLE IN ITS CURRENT FORM AND IS AVAILABLE TO CASH BUYERS ONLY
- There may also be potential for the property to be converted back into a traditional three-bedroom house layout in the future
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Description
The property is a freehold property arranged as two self-contained 1 bedroom flats, with long-term tenants in situ who pay a combined £1,346 per month in rent. The property generates a gross yield of 10.1% and has an immediate rental income of £16,152 per year. The property has operated in this arrangement for over 20 years, has no rent arrears, and includes two EPC certificates, two electrical installation certificates, and two gas safety certificates.
It is a potential conversion back to a traditional three-bedroom house layout.