4 Townfield Villas, Doncaster, South Yorkshire, DN1 2JH

Key Features

General Description

FOR SALE - FREEHOLD BLOCK OF 5 APARTMENTS INVESTMENT OPPORTUNITY

INVESTMENT 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 8.58% and a reversionary yield of 9.18% assuming an ERV of £39,000 per annum

DESCRIPTION
Five spacious one bedroom apartments providing good quality accommodation over three floors, with off street parking. Each apartment is one bedroomed with a large living room, bathroom, and double bedroom. Each is equipped with a bath, shower, kitchen with electric cooker. There is double glazing and electric heating throughout.

Externally there is off street parking and two garages, with a secure security shutter to the entrance of the rear garden area. The building is of traditional red brick construction under a tiled roof.

This provides an excellent opportunity for an investor to benefit from a high yielding return with potential for further rental growth. There is also a potential lucrative break up potential by selling the apartments individually.

ACCOMODATION
Floor Sq M Sq Ft
Flat 1 55 592
Flat 2 53 570
Flat 3 55 592
Flat 4 53 570
Flat 5 51 549

LOCATION
The property is located on the north east side of the city centre, with ease of access to the city centre which is a short walk away. Town Field Villas is a quiet cul-de-sac of traditional and characterful properties overlooking the Town Fields, an attractive open green space.

Doncaster Train station is approximately 1 mile away and it provides regular service to London via the East Coast Main Line with an approximate journey time of 90 minutes.

SAT NAV: DN1 2JH
///PIRATE.NUMBER.FIGURE

TENANCIES
- Total passing rent: £36,580 per annum
- Average per flat £7296 per annum / £608 pcm

The flats are held on 12 month Assured Short hold Tenancy Agreements - copies are available upon request.

The most recent letting of Apartment 5 is at £650 pcm. Assuming that can be replicated on the other apartments, the total rent would be £39,000 per annum, providing a good opportunity for rental growth.

GUIDE PRICE / TERMS
Inviting offers in excess of £425,000 (Four hundred and Twenty Five Thousand Pounds) reflecting a gross yield of 8.58%.
Reflecting a reversionary yield of 9.18% assuming an ERV of £39,000 per annum.

EPC
All flats have a rating of C.

Please contact the agents for the certificates.

COUNCIL TAX
Each apartment is in council tax Band A.

TENURE
Freehold subject to five AST agreements.

AML
Purchasers will have to supply information to comply with Anti Money Laundering Regulations.

VIEWINGS
By appointment with the Sole Agents below:

Ben Flint
07494735001 01302 639838
ben@flintrealestate.co.uk

Alexandra De Freitas
07538844869 01302 639838
alexandra@flintrealestate.co.uk