2 Bed House For Sale Welfare View, Rotherham, S63

£450,000

1 of 15
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 14th March 2024

Description

* Residential Development Portfolio * Built Approx 4 Years Ago * 5 x 2 Bedroomed Houses - 73.4sq.m. (790 sq.ft.) each * Modern, Open Plan Living * All Mains Services * Gas Central Heating & Double Glazing * All Properties Subject to Asssured Shorthold Tenancies (Documents Available) * Fully Let Income in the region of c.£28,650 pa * Potential to Increase Income


A rare opportunity to acquire a development of 4 semi-detached houses plus 1 detached house currently producing £25,650 pa income (fully let income in the region of £28,650 pa) with the potential to increase to somewhere in the region of £30,000 pa subject to rent reviews.

**PLEASE NOTE: There is also option to buy the full portfolio at offers in the region of £900,000**

All properties have an open plan living space to the ground floor along with cloakroom/w.c. To the first floor there are two bedrooms and a modern bathroom/w.c. There is also gas fired central heating to all properties along with double glazed windows and doors and parking to the front elevation.

The location is positioned adjacent to open space and sports field and provides access to well served bus routes.

Contact the selling agent for further information.

Accommodation - The development comprises 4 x semi-detached houses and 1 x detached house. All properties are approximately 73.4 sq.m. (790 sq.ft) and comprise an open plan living space to the ground floor with lounge and dining/kitchen along with cloakroom/w.c. To the first floor there are two double bedrooms and a bathroom/w.c.

Outside there are gardens/driveways to the front elevations.

Services - Properties are served with mains services and have gas central heating systems.

Council Tax - All properties are Band A

Epc Rating - All properties are B

Tenancy Information - All properties are subject to Assured Shorthold Tenancies, most of which were last reviewed in 2012.

Further details of tenancies are available from the selling agents W T Parker .

Annual Income - The approximate annual income is currently c.£25,750 pa and the fully let income is approximately £28,650 pa.

We suggest that upon review, this income has a potential in the region of £30,000 pa.

Viewings - Strictly through the selling agent W T Parker

Important Note - W.T. Parker have made every reasonable effort on behalf of their client to ensure these details offer an accurate and fair description of the property but give notice that:

1.All measurements, distances and areas referred to are approximate and based on information available at the time of printing.

2.Fixtures, fittings and any appliances referred to in these details have not been tested or checked and any reference to rights of way, easements, wayleaves, tenure or any other covenants/conditions should be verified by the intending purchasers, tenants and lessees prior to entering into any contractual arrangement.

3.Interested parties are recommended to seek their own independent verification on matters such as on planning and rating from the appropriate Local Authority.

4.Boundaries cannot be guaranteed and must be checked by solicitors prior to entering into any contractual arrangement.

5.Photographs, plans and maps are indicative only and it should not be assumed that anything shown in these particulars are included in the sale or letting of the property.

6.These details are for guidance only and do not constitute, nor constitute part of, an offer of contract. W.T. Parker and their employees are not authorised to give any warranties or representations (written or oral) whatsoever and any Intending purchasers, tenants and lessees should not rely on any detail as statements or representations of fact and are advised to seek clarification by inspection or otherwise prior to pursuing their interest in this property.

7.Alterations to the details may be necessary during the marketing without notice.
Agent Details
W. T. Parker
4 Glumangate, Chesterfield, S40 1QA
Show Contact Number
01246 232 156

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 2 bedroom property. See more properties like this.

£67,000
Rotherham, S63
Terraced
7.1
£100,000
Rotherham, S63
Terraced
6.6
£95,000
Rotherham, S63
End Terrace
6.4
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested