7 bedroom detached house for sale
Key information
Property description & features
- Let on ASTs
- Significant income
- Low maintenance property
- Parking for 7 cars
- Yield about 5.5% gross
- Rear garden
- Freehold investment
- Council tax bands All A
Situation - Located between the ancient harbour of Axmouth and the white cliffs of Beer, Seaton is part of the world-renowned Jurassic Coast, with a mile-long beach, picturesque streets and a range of facilities including supermarket, Post Office, doctors surgery, restaurants, inns, independent shops and the Jurassic Coast Visitor Centre. Colyton Grammar School is located just 1 mile away. The nearby historic fishing villages of Beer and Branscombe are nestled in the hills between Seaton and Sidmouth, whilst the picturesque Dorset town of Lyme Regis, with its famous Cobb, is within easy reach.
The market towns of Honiton and Axminster have an additional range of facilities, including rail services to London Waterloo and Exeter. Exeter is 22 miles to the west and offers a wide range of services with plenty of retail, leisure and cultural amenities as well as an international airport, together with M5 access.
Description - Converted and extended from a former residential care home about 10 years ago, this impressive building is split into 7 light and airy apartments in this lovely quiet residential area of Seaton.
All let on assured short hold tenancies the property is let to a range of tenants, many of whom have been in the property for a number of years. Current rent in the region of £44,000 pa. The current gross rent for 100% occupancy is £46440 Representing a near 5.5% gross return.
Flat 1 - Ground floor apartment in the main building
Flat 2 and 3 - First floor apartments in the main building
Flat 4 - Ground floor apartment with direct access to front and side.
Flats 5 and 6 - Ground floor apartments with direct access to front and garden to the rear.
Flat 7 - a maisonette apartment with a direct access to the side.
Outside - To the front of the property are five off-road tarmac parking spaces with access down both sides. To the rear is a near level garden with lawn and drying area. There is also ample bin storage.
Services - Mains water, drainage and electric. Efficient modern electric heating.
Directions - At Colyford of the A3052 turn south on to Harepath Road and after about a mile turn left into Court Lane and in about 250 yards right onto Meadow Road. The property will be on your left after approximately 100 yards.
Residential Lettings - If you are considering investing in a Buy To Let or letting another property and require advice on current rents, yields or general lettings information to ensure you comply, please contact a member of our lettings team on[use Contact Agent Button].
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 32631976. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Stags - Honiton.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 30, 2014 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.