3 bed block of flats for sale

Vaughan Avenue, Doncaster DN1

Description

This is an Investment Property.
The property comprises 2 flats, a 1 bedroom ground floor flat and a 2 bedroom first floor flat.

The 1 bedroom flat on the ground floor is rented at £650 pcm. All bills are paid by the tenant. The flat has GCH and benefits from a brand new bathroom plus a large kitchen. This flat also has access to a rear yard and garage.
The 2 bedroom flat upstairs is rented at £695 pcm. The flat has a brand new kitchen and bathroom fitted. The tenant pays all the bills. The flat has GCH and is well rented at all times. There is scope for a rent rise.

The total rent for the building is £16,140.
At a sale price of £180,000 this equates to a net yield of 8%

Council Tax Band: A (Doncaster mbc)
Tenure: Freehold

Please Note

Rental roll of £12,019.92 p.a. Asking price £159,950. Gross Yield of 7.5%

Flat One

Ground floor flat comprising of a living room, kitchen, utility room, 1 bedroom and bathroom.
Currently rented at £476.66 pcm.

Flat Two

First floor flat comprising of living room, kitchen, 2 bedrooms and 1 bathroom.
Currently rented at £525 pcm

Please Note

All bills are the responsibility of the tenant.

EPC Rating

Each flat has a separate EPC rating of D.

Council Tax

The council tax band for the individual flats is A