2 bedroom semi-detached house for sale
Key information
Property description & features
- Tenure: Freehold
- Investment Property
- Thriving historic Town location
- 4 Houses & 4 Apartments
- Potential to build two further 1 bedroom units
- Communal parking & Gardens
- Built just 20 years ago
Fully let providing an annual income of £87,420
Potential annual income of £99,600
Further potential after development for an annual income of £121,200
Location
Newmarket is renowned as the British Headquarters of horse racing offers an interesting and varied range of local shops and amenities. These include the National Horse Racing Museum, a twice weekly open air market, hotels, restaurants and modern leisure facilities. There is a regular railway service to London’s Kings Cross and Liverpool Street stations via Cambridge. An excellent road network links the region’s principal centres, including the University City of Cambridge and the historic market town of Bury St Edmunds, both approximately 13 miles from Newmarket.
DESCRIPTION
Sycamore House is a purpose built development of four houses and four apartments, understood to have been constructed in about 2003. All the properties have two bedrooms, however the two 1st floor apartments also have en suite shower rooms to the master bedrooms. The properties are all heated via thermostatically controlled electric radiators and double glazing is fitted throughout. Sycamore House is set within its own grounds with a tarmac drive leading to the residents car parking area and beyond a communal garden.
The vendor has also had planning permission granted to further develop the site by constructing two further 1 bedroom units above the apartments.
The residential properties are all let on assured shorthold tenancy agreements.
SERVICES
Mains electricity, water and drainage are available to the premises.
TENANCIES
House 1 is let on an assured tenancy currently and has a potential to be £1000pcm.
House 2 is let on an assured tenancy and has a potential to be £1000pcm.
Apartment 3 is let on an assured tenancy and has a potential to be £1050pcm.
Apartment 4 is let on an assured tenancy and has a potential to be £1100pcm.
Apartment 5 is let on an assured tenancy and has a potential to be £1050pcm.
Apartment 6 is let on an assured tenancy and has a potential to be £1100pcm.
House 7 is let on an assured tenancy and has a potential to be £1000pcm.
House 8 is let on an assured tenancy and has a potential to be £1000pcm.
EPC RATINGS
The property has multiple EPCs which are as follows
House 1: D
House 2: D
Apartment 3: C
Apartment 4: C
Apartment 5: C
Apartment 6: D
House 7: D
House 8: D
ACCOMODATION
All measurements are approximate.
House 1: 64sqm
House 2: 64sqm
Apartment 3: 68sqm
Apartment 4:68sqm
Apartment 5: 68sqm
Apartment 6: 68sqm
House 7: 64sqm
House 8: 64sqm
Future Development
The vendor has obtained planning permission to further extend the apartments by adding two further 1 bedroom units above the existing apartments. The planning reference number is DC/20/0220/FUL
Tenure
The property is freehold.
The property is not in an conservation area. The property is in a low flood risk area.
Viewing: Strictly by prior arrangement with Pocock + Shaw. PBS
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Energy Performance data and Internal floor area
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