3 bedroom apartment for sale
Key information
Property description & features
- Prime Investment Opportunity
- 6.1% Rental Yield
- Two Apartments
- One Bedroom Flat
- Two Bedroom Flat
- Excellent Condition
- Freehold Building
- Tenants in Situ
- Chain Free
A perfect opportunity to purchase two apartments in one Victorian converted building, which is freehold. In the centre of Rye, next to the train station and shops, there is a ground floor one bedroom apartment, and upstairs, there is a two bedroom apartment. Both properties are in excellent condition and selling with tenants in situ. Double glazing and energy efficient electric heating. Chain free.
An excellent opportunity for investors to acquire two properties in one building, which was completely refurbished about 4 years ago.
The historic Cinque Port town of Rye has a wealth of boutique shops, restaurants, pubs and coffee shops. Its mainline train station has excellent links to Hastings (20 mins), Brighton (90 mins), and Ashford (20 mins). From Ashford the high speed train reaches London St. Pancras in under 40 minutes. The Channel Tunnel at Folkestone is a 45 minute drive.
Nearby towns include Hastings with its old town art galleries and festivals; Ashford with a John Lewis store and McArthurGlen Designer Outlet.
Ground Floor Apartment - Enter through the communal UPVC door, shared with the first floor flat, and go into the ground floor apartment. There is a spacious living room with dining space; the main bedroom is to the front with a large bay window, and storage set below. There is a shower room off the living room, and to the rear is a W.C. and wash basin. The kitchen is to the rear as well with oven, hob, space for fridge freezer and washing machine.
First Floor Apartment - Lead up the stairs to the first floor. A bright open plan living room with kitchen area. Space for washing machine, fridge freezer, and free standing oven. To the front is a large double bedroom with twin windows, and to the rear is a bathroom with shower over. There is a further single bedroom with window.
The ground floor apartment is on a periodic monthly Residential Tenancy Agreement, with a rent of £600. The first floor apartment is currently on the rental market for £750 per month.
Therefore, the rental yield for these two flats combined, would be around 6.1% per annum.
Double glazing and energy efficient electric heating.
EPC: C
A freehold building.
Property information from this agent
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Broadband availability and predicted speed: obtained from Ofcom on December 23, 2021
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Energy Performance data and Internal floor area
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