Property photos
Under offer
Freehold
£425,000
(£147.93/sq. ft)
Block of flats for sale
4 Townfield Villas, Doncaster, South Yorkshire DN12,873 sq. ft
Local area information
Property location
Nearby amenities
- Town Field Primary School 0.1 miles
- Hall Cross Academy 0.1 miles
- Doncaster 0.8 miles
- Bentley (South Yorkshire) 1.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Doncaster to find out more about the local area.
Features and description
- Freehold
- For sale - freehold block of 5 apartments investment opportunity
- Generating A combined rental income of £36,480 per annum providing A low average rent of £608 pcm
- Potential erv of £39,000 per annum (£650 pcm per flat)
- Asking £425,000 reflecting A gross yield of 8.58% and A reversionary yield of 9.18% assuming an erv of £39,000 per annum
For sale - freehold block of 5 apartments investment opportunity
Investment summary
- High yielding freehold block of 5 x one bedroom apartments in a desirable residential area overlooking the Town Fields.
- Generating a combined rental income of £36,480 per annum providing a low average rent of £608 pcm
- Potential erv of £39000 per annum (£650 pcm per flat)
- Longstanding tenants
- Spacious, good quality and well maintained apartments
- Close to local amenities
- Off street parking and two garages included
- Potential for further rental growth
- Asking £425,000 reflecting a gross yield of 8.58% and a reversionary yield of 9.18% assuming an erv of £39,000 per annum
Description
Five spacious one bedroom apartments providing good quality accommodation over three floors, with off street parking. Each apartment is one bedroomed with a large living room, bathroom, and double bedroom. Each is equipped with a bath, shower, kitchen with electric cooker. There is double glazing and electric heating throughout.
Externally there is off street parking and two garages, with a secure security shutter to the entrance of the rear garden area. The building is of traditional red brick construction under a tiled roof.
This provides an excellent opportunity for an investor to benefit from a high yielding return with potential for further rental growth. There is also a potential lucrative break up potential by selling the apartments individually.
Accomodation
Floor Sq M Sq Ft
Flat 1 55 592
Flat 2 53 570
Flat 3 55 592
Flat 4 53 570
Flat 5 51 549
Location
The property is located on the north east side of the city centre, with ease of access to the city centre which is a short walk away. Town Field Villas is a quiet cul-de-sac of traditional and characterful properties overlooking the Town Fields, an attractive open green space.
Doncaster Train station is approximately 1 mile away and it provides regular service to London via the East Coast Main Line with an approximate journey time of 90 minutes.
Sat nav: DN1 2JH
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Tenancies
- Total passing rent: £36,580 per annum
- Average per flat £7296 per annum / £608 pcm
The flats are held on 12 month Assured Short hold Tenancy Agreements - copies are available upon request.
The most recent letting of Apartment 5 is at £650 pcm. Assuming that can be replicated on the other apartments, the total rent would be £39,000 per annum, providing a good opportunity for rental growth.
Guide price / terms
Inviting offers in excess of £425,000 (Four hundred and Twenty Five Thousand Pounds) reflecting a gross yield of 8.58%.
Reflecting a reversionary yield of 9.18% assuming an erv of £39,000 per annum.
EPC
All flats have a rating of C.
Please contact the agents for the certificates.
Council tax
Each apartment is in council tax Band A.
Tenure
Freehold subject to five AST agreements.
Aml
Purchasers will have to supply information to comply with Anti Money Laundering Regulations.
Viewings
By appointment with the Sole Agents below:
Ben Flint
Alexandra De Freitas
Investment summary
- High yielding freehold block of 5 x one bedroom apartments in a desirable residential area overlooking the Town Fields.
- Generating a combined rental income of £36,480 per annum providing a low average rent of £608 pcm
- Potential erv of £39000 per annum (£650 pcm per flat)
- Longstanding tenants
- Spacious, good quality and well maintained apartments
- Close to local amenities
- Off street parking and two garages included
- Potential for further rental growth
- Asking £425,000 reflecting a gross yield of 8.58% and a reversionary yield of 9.18% assuming an erv of £39,000 per annum
Description
Five spacious one bedroom apartments providing good quality accommodation over three floors, with off street parking. Each apartment is one bedroomed with a large living room, bathroom, and double bedroom. Each is equipped with a bath, shower, kitchen with electric cooker. There is double glazing and electric heating throughout.
Externally there is off street parking and two garages, with a secure security shutter to the entrance of the rear garden area. The building is of traditional red brick construction under a tiled roof.
This provides an excellent opportunity for an investor to benefit from a high yielding return with potential for further rental growth. There is also a potential lucrative break up potential by selling the apartments individually.
Accomodation
Floor Sq M Sq Ft
Flat 1 55 592
Flat 2 53 570
Flat 3 55 592
Flat 4 53 570
Flat 5 51 549
Location
The property is located on the north east side of the city centre, with ease of access to the city centre which is a short walk away. Town Field Villas is a quiet cul-de-sac of traditional and characterful properties overlooking the Town Fields, an attractive open green space.
Doncaster Train station is approximately 1 mile away and it provides regular service to London via the East Coast Main Line with an approximate journey time of 90 minutes.
Sat nav: DN1 2JH
///pirate.number.figure
Tenancies
- Total passing rent: £36,580 per annum
- Average per flat £7296 per annum / £608 pcm
The flats are held on 12 month Assured Short hold Tenancy Agreements - copies are available upon request.
The most recent letting of Apartment 5 is at £650 pcm. Assuming that can be replicated on the other apartments, the total rent would be £39,000 per annum, providing a good opportunity for rental growth.
Guide price / terms
Inviting offers in excess of £425,000 (Four hundred and Twenty Five Thousand Pounds) reflecting a gross yield of 8.58%.
Reflecting a reversionary yield of 9.18% assuming an erv of £39,000 per annum.
EPC
All flats have a rating of C.
Please contact the agents for the certificates.
Council tax
Each apartment is in council tax Band A.
Tenure
Freehold subject to five AST agreements.
Aml
Purchasers will have to supply information to comply with Anti Money Laundering Regulations.
Viewings
By appointment with the Sole Agents below:
Ben Flint
Alexandra De Freitas
More information
Listed by
Flint Real Estate
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Property descriptions and related information displayed on this page are marketing materials provided by - Flint Real Estate. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Flint Real Estate for full details and further information.