3 bedroom apartment for sale
Key information
Property description & features
- Tenure: Freehold
- Investment Opportunity
- Close to Tiverton town centre
- 7% yield potential
- Three flats in one building
- Parking space
DESCRIPTION
Situated within a prominent town centre location, 11 Market Terrace offers a perfect investment opportunity with a current set-up of three one bedroom individual flats generating a yield of around 7%. The property has three long-term tenants currently in situ, with a monthly combined income of around £1,285.
NUMBER 11
Located on the ground floor of the building and with its own seperate access to the rear of the building, number 11 is a spacious one bedroom flat with the current benefit of an off-road parking space to the rear. A rear door provides access into the Kitchen fitted with a matching range of units with continuous work surface over with one and a quarter bowl sink unit. Space for electric cooker and space and plumbing for a washing machine. An opening leads into the Sitting Room with feature fireplace and storage alcoves to either side. From here, a door leads into the Inner Hall with two storage cupboards. Shower Room fitted with shower cubicle with electric shower, close coupled WC, wash hand basin and gas-fired boiler. The Bedroom is a large double bedroom with front aspect via bay window with built-in wardrobe and shelved storage alcoves. From the Inner Hall, a further door provides access to the communal hall and the meter cupboard.
NUMBER 11A
Located on the first floor of the building, and accessed via the communal hallway, 11a Market Terrace is a one bedroom flat with the benefit of a balcony area. From the Hall, the front door leads to the Entrance Porch and a further door opens into the Sitting Room with rear aspect. An Inner Hall provides access to the Kitchen which is fitted with a matching range of units with work surfaces over incorporating sink unit. Space for electric cooker and space for fridge/freezer. From the Inner Hall, a further door leads into the Bathroom fitted with bath with shower over, close coupled WC and wash hand basin. Steps lead down from the Sitting Room into the large double Bedroom with rear aspect and storage cupboard. A further door leads out to the Balcony.
NUMBER 11B
Located over the first and second floor, 11b is one bedroom apartment. The front door leads into the Stairwell and access to the Bathroom fitted with a bath with shower over, close coupled WC and wash hand basin. Stairs rise to the second floor and provide access to the double Bedroom with Velux window and storage cupboard. A further door leads into the Lounge/Kitchen with two Velux windows and restricted head-height. The Kitchen area is fitted wit a matching range of units with work surface over incorporating Belfast sink. Space for an electric cooker and space for a fridge.
OUTSIDE
To the front of the property, there is a small front garden area with a pathway leading to the front door.
To the rear of the property, there is parking for one car.
SERVICES
All mains services are connected, including gas.
Council Tax Band A for all three properties - Mid Devon District Council, Phoenix House, Phoenix Lane, Tiverton, Devon EX16 6PP
DIRECTIONS
Using the app ‘What3words’, please follow directions to; ‘proof.monks.softly’
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Property reference TIV240084. 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 Greenslade Taylor Hunt - Tiverton.
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Broadband availability and predicted speed: obtained from Ofcom on October 4, 2022
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on October 4, 2022
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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 November 23, 2018 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.
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