A fantastic portfolio of 8 Apartments split across two blocks in the Lister Court Development. The portfolio consists of 5 two bedroom apartments, and 3 one bedroom; all currently rented & managed Via our dedicated Lettings Team and producing an excellent yield. Sitting across from the beautiful Lister Park, the modern development offers each apartment secure parking within the private car park. The apartments consist of fully fitted kitchens; with interated appliances, large double bedrooms and en-suites where applicable. For information on individual rentals, service charges and epc's please contact Locate Homes. Offering Gross Yield Of 8.80 % & Net Yield Of 5.29 %
We are advised by the current owner 122.5 years remain on the lease ( recently extended by current vendor) & having annual service charge of 1450 pa with ground rent of 500 pa & Annual Insurance Of £297 Total £2247.
Currently the portfolio is achieving monthly rental of 4030.00 per month giving Gross Yield of 9.5 % ( Net 6%)
|Property Type||%||Avg. current value||Avg. # beds||Avg. # bathrooms|
|End terrace house||8.6%||£112,850||3.7||0.7|
|Property Type||1 Bed||2 Beds||3 Beds||4 Beds||5 Beds|
|Houses||£150,500 (2)||£65,828 (21)||£122,018 (22)||£157,226 (17)||£205,706 (7)|
|All||£103,667 (3)||£63,151 (28)||£122,018 (22)||£157,226 (17)||£205,706 (7)|