£500,000
4 bed detached house for salePound Close, Topsham EX3
4 beds
2 baths
2 receptions
EPC Rating: C
Freehold
About this property
Investment opportunity
Two 2-Bedroom flats
Garage
Great loaction
Good order throughout
Parking
Investment only!
Located in the sought after town of Topsham some 3 miles from Exeter is this pair of self-contained flats which are currently both let and producing an excellent income.
The properties are close to all Topsham's amenities and transport links.
Both flats are very well presented throughout.
Both flats have the benefit of residential tenants who have been renting for many years and wish to continue.
There is a single garage and parking included with the first floor flat (7).
Accommodation
Please see floor plans attached.
Tenure
Each flat is held on a long lease at 199 years from 1980 with the reversionary freehold interest of both flats also included in the sale. The separate garage and parking also has lease of 199 years from 1980 with a service charge of £70pa.
Tenancies
Each flat is on an assured shorthold tenancy and are reviewed annually:
6 Pound Close - Ground Floor - £795pcm (£9,540pa)
7 Pound Close - First Floor Flat + garage - £815pcm (£9,780pa)
Located in the sought after town of Topsham some 3 miles from Exeter is this pair of self-contained flats which are currently both let and producing an excellent income.
The properties are close to all Topsham's amenities and transport links.
Both flats are very well presented throughout.
Both flats have the benefit of residential tenants who have been renting for many years and wish to continue.
There is a single garage and parking included with the first floor flat (7).
Accommodation
Please see floor plans attached.
Tenure
Each flat is held on a long lease at 199 years from 1980 with the reversionary freehold interest of both flats also included in the sale. The separate garage and parking also has lease of 199 years from 1980 with a service charge of £70pa.
Tenancies
Each flat is on an assured shorthold tenancy and are reviewed annually:
6 Pound Close - Ground Floor - £795pcm (£9,540pa)
7 Pound Close - First Floor Flat + garage - £815pcm (£9,780pa)
Mortgage calculator
Monthly repayment
£2,501 per month
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