Wentworth Lodge , 182 Wentworth Road, Doncaster, South Yorkshire, DN2 4BT
3,776 Sq Ft (350.79 Sq M)
Offers in Excess of £525,000
Residential Apartments
Key Features
FOR SALE - FREEHOLD APARTMENT BLOCK INVESTMENT OPPORTUNITY
HIGH YIELDING BLOCK COMPRISING SIX APARTMENTS IN A DESIRABLE RESIDENTIAL AREA WITH CAR PARKING
SPACIOUS, GOOD QUALITY AND WELL-MAINTAINED APARTMENTS
APARTMENT SIZES RANGE FROM 42 TO 76 SQ M (452 - 818 SQ FT) NIA
OFFERS IN EXCESS OF £525,000 REFLECTING A GROSS YIELD OF 7.73% AND REVERSIONARY YIELD OF 9.17% ASSUMING AN ERV OF £48,120 PA
General Description
FOR SALE - FREEHOLD APARTMENT BLOCK INVESTMENT OPPORTUNITY
SUMMARY
- Unbroken Freehold Investment
- 6 Self Contained Apartments
- Rental Growth Potential
- Large Plot - Potential to Add Value
INVESTMENT SUMMARY
High yielding freehold block of 6 x two-bedroom apartments in a desirable residential area with car parking and large attractive garden area also benefitting from the below:
- Generating a combined rental income of £40,600 per annum providing a low average rent of £558 pcm
- Excellent rental growth potential
- Potential ERV of £48,120 per annum 'as is'
- Well located apartments with off-road parking
- Spacious, good quality and well-maintained apartments.
- Apartments ranging from one to two bedrooms
- Designated parking of at least 1 space per apartment
- Apartment sizes range from 42 to 76 Sq M (452 - 818 sq ft) GIA
- Large plot - potential to add value STP
Asking price is £525,000 reflecting a gross yield of 7.73% and reversionary yield of 9.17%
LOCATION
Situated on Wentworth Road in the Wheatley area of Doncaster, approximately 1.2 miles north-east of Doncaster city centre and around 1.2 miles from Doncaster Railway Station, providing excellent access to regional and national rail services, including direct routes to Leeds, Sheffield, York and London.
The location benefits from a wide range of local amenities within walking distance, including convenience stores, cafés, takeaways, schools and healthcare facilities.
The property is also located in close proximity to Doncaster Royal Infirmary, one of the principal hospitals serving the area, making the location particularly convenient for healthcare professionals and visitors alike.
SAT NAV: DN2 4BT
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DESCRIPTION
Six spacious apartments and well-presented apartments ranging from one to two bedrooms providing good quality accommodation which is set over three floors and off-road parking.
Each apartment is equipped with large double bedrooms, a good-sized living room / kitchen and a bathroom. There is double glazing and electric central heating system throughout.
Externally there is a secure car park each apartment benefitting from at least one space.
ACCOMMODATION
Apartment sizes range from 42 to 76 Sq M (452 - 818 sq ft) GIA
Total GIA (excluding corridors and communal space) is 351 Sq M (3,776 Sq Ft)
Please contact the agent for a full breakdown. Floor plans available upon request.
TENANCIES / RENT ANALYSIS
- Total passing rent: £40,600 per annum
- Apartment rents range from £485 to £690 pcm with the average being £558 pcm - providing great opportunity for growth
The apartments are held on 12 month Assured Short hold Tenancy Agreements to working tenants - copies are available upon request.
We consider the Estimated Rental Value to be achievable in between £700 pcm for a one-bed to £850 pcm for a two bed which would provide a total ERV of £48,120 per annum.
COUNCIL TAX
Each apartment is in council tax Band A.
GUIDE PRICE
£525,000 reflecting a gross yield of 7.73% and reversionary yield of 9.17% assuming an ERV of £48,120 pa
EPC
All EPC's between D & E. Copies available upon request.
TENURE
Freehold - unbroken
DATA ROOM
Please get in touch for access to the data room.
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