Skip to main content

£1,600,000

1 bedroom flat for sale

Yarmouth Road, Norwich

£1,600,000

1 bedroom flat for sale

Yarmouth Road, Norwich

Description

Back

Property features

  • Investment Opportunity
  • 11 One Bedroom Flats on Yarmouth Road
  • 3 Two Bedroom Flats on Yarmouth Road

Property description

Block of Flats Available for sale is this Block of Flats on Yarmouth Road, Norwich, NR7 with views to Whitlingham Country Park. Small complex of apartments on the door step of the River Yare, with direct access to Whitlingham Country Park from the site. The apartments benefit from access to the communal washing machine and tumble dryer and free car parking for 1 car. They are also 100 meters to the nearest bus stop, 400 meters from Harleys Caf� on Yarmouth road and 0.9 miles to Norwich Train Station.

The block comprises of the following flats and additions.
Please note the flats all benefit from a 17.2KW PV system. Flats 8/12/13/14 are featured in the photographs.

Flat 1 - 1 Bedroom Apartment Currently Rented for £505pcm (6,060pa)
Flat 2 - 1 Bedroom Apartment Currently Rented for £520pcm (6,240pa)
Flat 3 - 1 Bedroom Apartment Currently Rented for £570pcm (6,840pa)
Flat 4 - 1 Bedroom Apartment Currently Rented for £555pcm (6,660pa)
Flat 5 - 1 Bedroom Apartment Currently Rented for £560pcm (6,720pa)
Flat 6 - 1 Bedroom Apartment Currently Rented for £700pcm (8,400pa)
Flat 7 - 2 Bedroom Apartment Currently Rented for £700pcm (8,400pa)
Flat 8 - 2 Bedroom Apartment Currently Rented for £630pcm (7,560pa)
Flat 9 - 1 Bedroom Apartment Currently Rented for £600pcm (7,200pa)
Flat 10 - 1 Bedroom Apartment Currently Rented for £580pcm (6,960pa)
Flat 11 - 1 Bedroom Apartment Currently Rented for £650pcm (7,800pa)
Flat 12 - 1 Bedroom Apartment Currently Rented for £650pcm (7,800pa)
Flat 13 - 2 Bedroom Apartment Currently Rented for £700pcm (8,400pa)
Flat 14 - 1 Bedroom Apartment Currently Rented for £600pcm (7,200pa)
PV System - Provides income of £500pcm (6,000pa)
Garage - Currently Rented for £100pcm (1,200pa)
Brick Shed - Currently Rented for £50pcm (600pa)
Laundry Room - Agreed Commission of £40pcm (480pa)

Total Income for the whole Block currently £9,210pcm (110,520pa)

There is a huge potential to increase the rental income of the apartments with minimal improvement.
There is also a scope to add additional 1 or 2 additional Flats to the complex (Subject to Planning Permission) 

Disclaimer Under the Consumer Protection Act 1987 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify your financial position before we can recommend any offer to the vendor. 

See more properties like this:

Map

Back

Nearby services within a 3 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

Call 01603 963825

DISCLAIMER

Property reference 103107001170. 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. This property advertisement does not constitute property particulars. The information is provided and maintained by Melanie Estates - Norwich. Please contact the selling agent directly to obtain any information which may be available under the terms of 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.

Call rate information

Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.

Contact Melanie Estates - Norwich about 1 bedroom flat for sale £1,600,000

Type of enquiry

Characters remaining:

OnTheMarket can contact me with relevant properties, offers and news

By submitting this form, you accept our privacy policy. Your personal data will be sent to Melanie Estates - Norwich so that they can respond to your request.