2 bedroom terraced house for saleSOUTH MOLTON, Devon
Offered to the market are two, one bedroomed flats in the popular town location of South Molton. A good investment opportunity, one is currently tenanted and one empty, both in good order with each flat benefitting from it's own entrance. The ground floor flat also boasts a courtyard to the rear with plenty of space for outside storage and bins.
The property is a mid terrace town house which has been subdivided into the two flats. Viewing is advised through sole agents John Smale & Co.
Property ref: 121_1029_3979091
3.95m x 2.97m (13' x 9' 9")
Ground Floor Flat entered via outer door leading into passageway. This leads in turn to a rear courtyard with space for outside storage and bins. The Flat itself is accessed via a door leading into the Reception Area with doors leading to the bedroom and kitchen.
1.95m x 1.54m (6' 5" x 5' 1")
Shower Room suite with window to rear.
Entrance door with stairs leading up to large entrance lobby. Space for storing outer wear with further large storage cupboard including hanging rail. Access to all rooms.
13' x 14' 11" (3.95m x 4.55m)
A good sized room with Bay Window to front aspect. Space for desk / office area to corner of room.
7' 1" x 4' 6" (2.17m x 1.37m)
Full bathroom suite with bath and shower over. Window overlooking courtyard.
9' 2" x 11' 5" (2.79m x 3.48m)
Fully equipped, fitted kitchen with storage space.
10' 8" x 8' 8" (3.25m x 2.64m)
Good sized room with storage cupboard to rear of room and large window to side aspect.
Ground Floor Flat - EMPTY
First Floor Flat
Let under an Assured Shorthold Tenancy Agreement for an initial period of 6 months. This initial period expired on 28th February 2015 and now continues on a periodic basis.
Current Rental Income
Ground Floor Flat - £300.00 PCM previously
First Floor Flat - £325.00 PCM
£145,000 Purchase Price with current annual income of £7500.00 = Return of 5.17%
Approx. Total Floor Area - 1220 Sq Ft
Vendor Position - No Chain
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