3 bedroom terraced house for sale

* Landlord Investment Sale Only * Regulated Tenancy * Rented @ £425 PCM *

A good size traditional mid terrace home offered as a landlord investment buy only, with a tenant in occupation on a "regulated Tenancy" paying £425 PCM.
The tastefully presented property benefits uPVC double glazing and gas central heating serviced via the gas fired combination boiler. The accommodation opens with a entrance hallway with stairs rising to the first floor accommodation, lounge on the front aspect leading to the kitchen diner on the rear elevation with a selection of fitted units and built-in oven and gas hob, with further freestanding appliance spaces window and door to the rear garden and an internal door to the bathroom.
The ground floor bathroom offers a three piece white bathroom suite. The first floor has three double bedrooms of a generous size with the larger master across the front aspect. The garden is access via a shared gated entry with established garden and outbuilding. Please note this is a Regulated Tenancy, further details at the bottom of this advert.

The Accommodation -

Hallway -

Lounge - 4.57m x 3.86m (15'0 x 12'8) -

Kitchen Diner - 3.66m x 3.61m (12'0 x 11'10) -

Ground Floor Bathroom -

First Floor -

Bedroom One - 4.62m x 3.58m (15'2 x 11'9) -

Bedroom Two - 4.60m x 2.87m (15'1 x 9'5) -

Bedroom Three - 3.58m x 2.74m (11'9 x 9'0) -

Shared Entry -

Rear Garden -

Private Road - The home is positioned on a private road and will be subject to an annual fee management fee. This has yet to be setup and organised during the purchase and sale process. It is estimated the fee will be in the region of £200 per year, as a guide, however the arrangements for this are still under consultation and could change either way. Therefore any intending purchaser will be required to verify the terms of the on site fee with their legal representative.

Regulated Tenancy - A regulated tenancy is a protected tenancy so long as the tenancy agreement is still in force. Even if the agreement ends on or after 15 January 1989, the regulated tenancy becomes a statutory tenancy, and stays one as long as the tenant lives in the property. In this particular tenancy the statement applies, this is a long term tenant.
The rent is protected by "Fair Rent" and is often lower than an open market rents being asked on similar homes. Every two years the rent can be reviewed by a Rent Officer and cannot be set by the landlord.
What are the succession rights of a regulated tenancy?
A regulated tenancy can be passed on twice if the first successor was a spouse, civil partner, or cohabitee. There will be a second succession if: the first successor was a statutory tenant. the second successor is a family member of both the original tenant and first successor. Regulated Tenants have stronger rights than most other private Tenants.
We strongly advise intending buyers to consult their solicitors and carry out their own research in respect to the above.

Draft details awaiting vendor approval and subject to change.