3 bedroom semi-detached house

For Sale by Online Auction 15th December 2020

WHY BUY?
3 x Self-contained flats
Current income £24,380pa
Scope to increase rental value
Potential to reconfigure
Popular rental location

DESCRIPTION
This is a large semi-detached property that has been configured to provide 3 x self-contained flats – one x 3 bedroom flat, 1 x one bedroom flat and 1 x studio flat. The property was originally configured to provide 4 x flats, but the current owners have recently knocked through both ground floor flats and fully refurbished to provide a large 3 bedroom flat that benefits from 2 x en-suite bedrooms, double bedroom, open plan living room/kitchen and additional bathroom currently let to students at £15,080pa. The one bedroom flat is currently let to a long standing tenant at a rent of £5,100pa, while the studio flat is also let to a long standing tenant at £4,200pa. The property is in good order throughout and all flats benefit from double glazing and central heating. All flats are fully self-contained and have their own services. The ground floor flat benefits from private access to a large courtyard at the rear with picnic table and bbq area. There is potential to follow the same blueprint of the ground floor flat conversion to knock through both upper floor flats to provide another large 3 bedroom flat to be let to students, subject to gaining all the necessary consents. If this was then let at £15,080pa the total potential income would increase to in excess of £30,000.  

LOCATION
Located within the highly popular, residential area of Kensington, the property is best accessed via Sheil Road. A short walk away is Kensington High Street, which is home to a plethora of local amenities. Including but not limited to a McDonald's, Lidl, Iceland.

ACCOMMODATION
Flat one – Ground floor: Entrance hall, living/kitchen, bathroom, 2 x en-suite bedrooms, utility, double bedroom
Flat two – First floor: Living/bedroom, bathroom, kitchen
Flat three – First floor: Open plan living/dining room, kitchen, bathroom – Second floor: Bedroom 
Outside: Large courtyard to rear with picnic table and bbq area, on-street parking to front

AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1250 + VAT, payable on the fall of the hammer.  The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.