Location St Austell is Cornwall's largest town with and large shopping centre easy access to the south Coast with wonderful beaches and convenient for the A30.
Description A substantial grade two listed block of eight apartments which was fully renovated by the present owner in 2015 and to the front is a parking area, providing a parking space for each flat, all let out of shorthold tenancies and currently producing an income of £53280, creating an return of almost 6%.
Flat 1 One bedroom currently let £500 pcm EPC rating F31 F31
Flat 2 One bedroom currently let £550 pcm EPC rating F39 F39
Flat 3 Two bedroom currently let £595 pcm EPC rating G18 G18
Flat 4 Two bedroom currently let £600 pcm EPC rating G12 G12
Flat 5 One bedroom currently let £500 pcm EPC rating D60 D60
Flat 6 One bedroom currently let £495 pcm EPC rating D63 D63
Flat 7 One bedroom currently let £600 pcm EPC rating D61 D61
Flat 8 Two bedroom currently let £600 pcm EPC rating E55 D55
Total monthly income £4400 pcm
Annual income £53280 pa Accommodation The flats vary in size and shape, some are open planned living room diners, some have vaulted ceilings, but all have renovated to a high standard throughout in 2015 with tiled bathrooms, great kitchens, so should be relatively low with regard to maintenance. Millerson have been managing this block and the turn over of tenants is very low, and new tenants when required have been very quickly found.
Agents note Re EPC. As the front is a listed building the old par have EPC exemptions for letting.
Services Mains Water, electricity, gas, drainage.
Viewing Via the vendors agents Millerson 01726 72289
Parking Yes Parking Notes Each Flat has one parking space
|Property Type||%||Avg. current value||Avg. # beds||Avg. # bathrooms|
|End terrace house||5.2%||£145,772||2.8||0.6|
|Property Type||1 Bed||2 Beds||3 Beds||4 Beds||5 Beds|
|Houses||£85,000 (1)||£233,998 (25)||£274,519 (57)||£393,613 (41)||£492,494 (8)|
|Flats||£106,500 (3)||£286,172 (23)||£240,000 (2)||-||-|
|All||£101,125 (4)||£258,998 (48)||£273,349 (59)||£393,613 (41)||£492,494 (8)|