>
Newgate Street, Walton On The Naze CO14 2 bed terraced house for sale
Newgate Street, Walton On The Naze CO14
£165,000
Newgate Street, Walton On The Naze CO14
£165,000
Our Summary
- We are pleased to present this Freehold investment opportunity, consisting of two, self-contained flats with a total annual rental income of £13,656 PA representing a yield in excess of 8
Description
This is a freehold investment opportunity consisting of two self-contained flats, generating an annual rental income of £13,656, representing a yield of over 8.2%. The flats are located in the heart of Walton, a coastal town with easy access to London and amenities such as beaches, restaurants, and public transportation. The properties are let on Assured Shorthold Tenancies to long-term, reliable tenants. Flat 18 is a ground-floor studio with a kitchen, bedroom, and bathroom, while Flat 20 is a first-floor one-bedroom flat with an open-plan kitchen/living area, bathroom, and bedroom. Both flats have been newly renovated and have new gas combination boilers installed. The property is being sold with tenants in situ, and interested parties are advised to verify the condition of the gas and electrical fixtures and fittings before entering into a legal contract.