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Studio apartment for sale
4 Townfield Villas, Doncaster, South Yorkshire, DN1 2JH
£425,000
4 Townfield Villas, Doncaster, South Yorkshire, DN1 2JH
£425,000
Our Summary
- FOR SALE - FREEHOLD BLOCK OF 5 APARTMENTS INVESTMENT OPPORTUNITYINVESTMENT SUMMARY High yielding freehold block of 5 x one bedroom apartments in a desirable residential area overlooking the Town Fields
- - Generating a combined rental income of £36,480 per annum providing a low average rent of £608 pcm - Potential ERV of £39000 per annum (£650 pcm per flat) - Longstanding tenants - Spacious, good quality and well maintained apartments - Close to local amenities - Off street parking and two garages included - Potential for further rental growth - Asking £425,000 reflecting a gross yield of 8
- This provides an excellent opportunity for an investor to benefit from a high yielding return with potential for further rental growth
Description
This is a freehold block of five one-bedroom apartments located in a desirable residential area overlooking the Town Fields in Doncaster. The property generates a combined rental income of £36,480 per annum, with a low average rent of £608 per month. The apartments are spacious, well-maintained, and have off-street parking and two garages. The property offers a high yielding return with potential for further rental growth, and there is also a potential lucrative break-up opportunity by selling the apartments individually. With a guide price of £425,000, the property reflects a gross yield of 8.58% and a reversionary yield of 9.18% assuming an estimated rental value of £39,000 per annum. The property is being sold freehold, subject to five Assured Short-hold Tenancy Agreements, and each apartment is in council tax Band A.