Offers in region of
£105,000
1 bed flat for saleWest Street, Leominster HR6
1 bed
1 bath
EPC Rating: E
Leasehold
About this property
Investment opportunity
Two flats, both tenanted
Yield of xx%
Town centre location
**investment opportunity 8.5% yield**
An opportunity to acquire two flats within the market town of Leominster. Flat 6 is a one bedroom with Flat 7 a studio. The properties have been let with a combined income of £745 per month making a yield of 8.5%
Introduction
Situated within the centre of the market town of Leominster are Flat 6 and Flat 7 which comprise; flat 6 - open plan kitchen, living area, one double bedroom and bathroom. Flat 7 - an open plan kitchen bedroom/living area with shower room. Both flats are currently tenanted with flat 6 achieving £410 pcm and flat 7 £335 pcm.
Flat 6
The front door opens to the entrance hall. The open plan kitchen/living room has a window to the front. There is a kitchen area with laminate flooring, built in wall and base units with a stainless steel sink. There is space for an electric cooker, fridge freezer and washing machine. The bedroom is a double with a window to the rear. The bathroom is fitted with a WC, basin and bath which has a shower over.
Flat 7
The front door opens into the studio flat where there is space for a double bed or sofa bed. The kitchen area has laminate flooring and fitted with wall and base units with a stainless steel sink. There is space for an electric oven, washing machine and fridge freezer. The shower room is fitted with a WC, basin and shower cubicle.
Location
The flats are within the centre of the town of Leominster town centre. This is a popular market town and boasts a wealth of local shops, a weekly open air market, national supermarkets and a host of recreational facilities.
Transport facilities are ample with good road links to larger towns and regular bus and train routes. Hereford City is located approximately 12 miles away and offers extensive entertainment and leisure facilities and a wide range of national and chain stores.
Services
Mains electricity, water and drainage are connected.
Each flat is Council Tax Band A
An opportunity to acquire two flats within the market town of Leominster. Flat 6 is a one bedroom with Flat 7 a studio. The properties have been let with a combined income of £745 per month making a yield of 8.5%
Introduction
Situated within the centre of the market town of Leominster are Flat 6 and Flat 7 which comprise; flat 6 - open plan kitchen, living area, one double bedroom and bathroom. Flat 7 - an open plan kitchen bedroom/living area with shower room. Both flats are currently tenanted with flat 6 achieving £410 pcm and flat 7 £335 pcm.
Flat 6
The front door opens to the entrance hall. The open plan kitchen/living room has a window to the front. There is a kitchen area with laminate flooring, built in wall and base units with a stainless steel sink. There is space for an electric cooker, fridge freezer and washing machine. The bedroom is a double with a window to the rear. The bathroom is fitted with a WC, basin and bath which has a shower over.
Flat 7
The front door opens into the studio flat where there is space for a double bed or sofa bed. The kitchen area has laminate flooring and fitted with wall and base units with a stainless steel sink. There is space for an electric oven, washing machine and fridge freezer. The shower room is fitted with a WC, basin and shower cubicle.
Location
The flats are within the centre of the town of Leominster town centre. This is a popular market town and boasts a wealth of local shops, a weekly open air market, national supermarkets and a host of recreational facilities.
Transport facilities are ample with good road links to larger towns and regular bus and train routes. Hereford City is located approximately 12 miles away and offers extensive entertainment and leisure facilities and a wide range of national and chain stores.
Services
Mains electricity, water and drainage are connected.
Each flat is Council Tax Band A
More information
Tenure
Leasehold (130 years)
Service charge
£200 per year
Council tax band
A
Ground rent
£25
Ground rent date of next review
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