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Coronation Street, Barnstaple £220,000
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BUY TO LET INVESTMENT:
A rare opportunity to purchase a rental property situated in the center of town comprising of a 1 bedroom ground floor flat and a 2 bedroom maisonette with a rental income of £11,520 per annum.
Flat A is a ground floor flat that is let on an assured shorthold tenancy with a long term tenant with a rental income of £410 per month. The property comprises of a entrance hallway, lounge, bedroom, kitchen, bathroom and rear courtyard garden which could be modified to have a parking space.
Flat B is a first floor maisonette that is let on an assured short tenancy with a rental income of £550. The flt comprises of an entrance hallway, lounge, kitchen, bathroom, separate W.C and 2 double bedrooms situated on the second floor.
Both flats have Gas combi boilers and double glazing throughout,
This property is being offered strictly to buy to let investors due to the government Covid -19 protection from eviction for tenants meaning vacant possession cannot be achieved unless 6 months notice is served on the tenants.
COMMUNAL ENTRANCE HALL & STAIRS
Provides access to both flats. This area houses the electric meters for both flats.
FLAT A
ENTRANCE HALL (FLAT A)
Accessed via a fire door with closer. Provides access to Lounge, bedroom and kitchen. The area is carpeted.
LOUNGE (FLAT A)
Accessed via a 6 panel wood door. Double glazed bay window to front elevation. Radiator. Carpeted.
BEDROOM (FLAT A)
Accessed via a 6 panel wood door. Double glazed window to rear elevation. Built in wardrobe, radiator, carpeted.
KITCHEN (FLAT A)
Selection of wall and base units with a stainless steel sink and drier. Double glazed window to side elevation. Radiator. Gas Combi boiler. Vinyl flloring.
BACK HALL (FLAT A)
This room provides access to the kitchen, garden and bathroom. Carpeted.
BATHROOM (FLAT A)
The bathroom is fitted with a white bathroom suite. Double glazed window to side elevation. Radiator. Vinyl Flooring.
GARDEN (FLAT A)
A courtyard garden that is a mixture of concrete and grass. There is also a small open storage area.
FLAT B
ENTRANCE HALLWAY (FLAT B)
Room provides access to W>C, Bathroom, kitchen and lounge. There is a storage cupboard housing the gas combi boiler. Carpeted.
W.C (Flat B)
Separate W.C to bathroom. 6 panel wood door. Vinyl flooring. Double glazed window to rear elevation. Rqdiator.
BATHROOM (FLAT B)
Accessed via 6 panel painted wood door. White bath and pedestal sink. Window to rear elevation. Radiator. Vinyl Flooring.
KITCHEN (FLAT B)
Accessed via a 6 panel painted white door. Selection of base units with stainless steel sink and drier. Window to rear elevation. Radiator. Vinyl Flooring
LOUNGE (FLAT B)
Accessed via 6 panel painted door. Large double glazed window to front elevation. Radiator. Carpeted.
STAIRS AND LANDING (FLAT B)
Double glazed window on half landing to rear elevation. Carpeted.
BEDROOM 1 (FLAT B)
Accessed via 4 panel painted wood door. Double glazed window to front elevation. Radiator. Carpeted.
BEDROOM 2 (FLAT B)
Accessed via a 4 panel painted wood door. Velux Window. Radiator. Carpeted.
TENURE AND SERVICES
FREEHOLD All mains services connected. Both flats are on Assured Short-hold Tenancies.
Click to enlarge
- BUY TO LET INVESTORS ONLY
- 2 FLATS ON 1 FREEHOLD
- RENTAL INCOME OF £11520 per annum.
- DOUBLE GLAZED THROUGHOUT
- BOTH UNITS HAVE GAS COMBI BOILERS
Barnstaple EX32 7AY
