*BEING SOLD VIA SECURE SALE ONLINE BIDDING. Terms & Conditions apply. - STARTING BID £90,000*

An excellent investment opportunity comprising a period semi-detached house on Welholme Road, converted to provide two self-contained two-bedroom flats, both currently let and producing an immediate income stream.
The property retains much of the character associated with its original period construction, including the original timber front door, while having been extensively improved in recent years. Both flats benefit from modern fitted kitchens and bathrooms, independent gas-fired central heating systems and uPVC double glazing.

Externally, the property offers driveway parking and a garden, enhancing its appeal to tenants and supporting long-term rental demand.
Both flats are currently let at £495 per calendar month each, generating a combined gross income of £11,880 per annum. At the guide price, this represents an attractive gross yield in excess of 13%, making the property well suited to investors seeking a ready-made, income-producing asset.

The property is well located within an established residential area, close to local amenities and transport links, further underpinning its ongoing rental appeal.
An excellent opportunity to acquire a fully let, low-entry-price investment with strong yield potential.

Rooms

Ground Floor Flat - 55A

Ground Floor

Entrance Hall
With tiled floor, coving, uPVC double glazed entrance door and a radiator. Useful under stairs storage cupboard.

Living Room
4.5m into chimney recess x 4.59m plus bay - With plaster coving, radiator and large uPVC double glazed bay window.

Bedroom 2/Dining Room 3.94m x 3.52m
With coving, radiator and uPVC double glazed window unit.

Bedroom 1
4.23m plus bay into chimney recess x 4.11m - With plaster coving, radiator and large uPVC double glazed bay window.

Kitchen 3.95m x 2.11m
With coving, recessed spotlights, partially tiled walls and fitted with a good selection of newly installed modern wall and base units incorporating a sink unit with drainer and mixer tap and having integrated electric oven, gas hob and extractor canopy. Breakfast bar. Gas central heating combination boiler. Radiator and two uPVC double glazed window units.

Bathroom
Tiled floor and having partially tiled walls and fitted with a very smart white three piece suite comprising panelled bath (bath with shower over), pedestal basin and low-flush w.c. Radiator and extractor.

First Floor Flat - 55B

Ground Floor

Entrance Hall
With tiled flooring, stairs to first floor accommodation. Useful storage cupboard.

First Floor

Landing
With radiator and uPVC double glazed window unit.

Living Room
4.58m into chimney recess x 4.55m - With coving, dado rail, decorative fire place with timber mantle. Radiator and two uPVC double glazed window units.

Bedroom 1
4.26m into chimney recess x 4.16m - With coving, picture rail and two uPVC double glazed window units.

Bedroom 2 3.45m x 2.85m
With coving, radiator and uPVC double glazed window unit.

Kitchen 3.95m x 3.49m
Partially tiled and fitted with a selection of modern wall and base units incorporating a sink unit with drainer and mixer tap. Having integrated electric oven and gas hob with extractor canopy. Plumbing for an automatic washing machine. Radiator, uPVC double glazed window unit and uPVC double glazed entrance door. "Ideal" gas central heating combination boiler. There is a cast iron staircase to the rear of the property providing a separate means of access.

Bathroom
Tiled and fitted with attractive white three piece bathroom suite comprising panelled bath (bath with shower over), pedestal basin and low-flush w.c. Useful Storage cupboard. Radiator and uPVC double glazed window unit.

NOTE
Both flats are currently let and achieving £495 per calendar month. This represents an annual income of £11880 per annum equating to a 13% yield on the current asking price.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti (truncated)

Council Tax Band A
This information was obtained on the 16th September 2019 and is for guidance purposes only. Purchasers should be aware that the banding of the property could change if information is brought to light that makes it clear to the Valuation Office Agency that an error was made with the original allocation. Additionally, there may be circumstances when the Council Tax can be altered on change of ownership. All interested parties are advised to make their own enquiries. See

Surveys Of Useful Information
Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.

Mortgage Advice
Mortgage Advice Bureau works with Jackson, Green & Preston Estate Agents to provide their clients with expert mortgage and protection advice. We have access to over 12,000 mortgages from 90+ lenders so we can find the right mortgage to suit your individual needs. The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our customers have access to the latest deals available and receive a first-class service. We will take care of everything from explaining all of your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family and handling the whole application process. Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. Mortgage Advice Bureau (truncated)

4 bedroom apartment for sale

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Rooms

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