High Street, Loftus
- PROPERTY TYPE
Block of Apartments
- SIZE
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Key features
- Block of 5x Apartments
- Currently Generating a Gross Yield of 12.43% (Based on a Purchase Price of £245,000)
- Strong Potential to Increase the Yield
- A Fantastic Investment Opportunity in an Up & Coming Area
- 1x Apartment Being a Holiday Let generating an average income of £14k per annum
- 4x Apartments Currently Tenanted on Residential AST Agreements
- Views over Loftus' Historic Market Place & Town Hall
- Viewing is Strictly by Appointment Only
- Please Enquire for More Details
Description
With a current gross yield of 12.43%, this property already boasts a fantastic return on investment. However, the very strong potential for further growth is what truly sets this opportunity apart. The location in Loftus' historic Market Place ensures a steady stream of interest from potential tenants or holidaymakers, guaranteeing a stable income for the future.
Whether you are an experienced investor looking to expand your portfolio or someone new to the property market, this block of apartments presents a chance to secure a valuable asset in an up-and-coming area. Don't miss out on the chance to own a piece of Loftus' history while reaping the financial rewards it has to offer.
Tenure: All apartments have their own title plan with leases attached.
Council Tax Band: All Apartments are Band-A, with the exception of Flat 3 which is currently exempt (currently a holiday rental).
EPC Ratings: Apartments 1, 2, 3 & 4 - D-Rating, and Apartment 5 - E-Rating.
Apartment One -
Hall - 8.23m x 1.80m (27'0" x 5'10") - UPVC double glazed window to the rear aspect. Laminate flooring. Door to outdoor decking area.
Living Room & Kitchen - 5.61m x 5.09m (18'4" x 16'8") - A range of wall & base units with laminate worktops. Integrated electric oven & hob. Extractor hood. 2x windows to the side aspect. Laminate flooring. LED downlighting.
Bedroom One - 3.46m x 3.10m (11'4" x 10'2") - 2x windows overlooking the outdoor decking area. Laminate flooring. Radiator.
Bedroom Two - 3.09m x 2.72m (10'1" x 8'11") - UPVC double glazed window to the side aspect. Laminate flooring. Radiator.
Bathroom - 1.73m x 1.70m (5'8" x 5'6") - Panel bath with shower above. Pedestal hand basin. Low-level W/C. UPVC double glazed window. Laminate flooring. LED downlighting.
Apartment Two -
Living Room - 5.81m x 3.39m (19'0" x 11'1") - Window. Carpeted. Radiator. Access to Bedroom One
Bedroom One - 5.33m x 3.40m (17'5" x 11'1") - Sash window to the side aspect. Carpeted. Radiator.
Bedroom Two - 4.18m x 1.76m (13'8" x 5'9") - UPVC double glazed window to the rear aspect. Carpeted. Radiator.
Bathroom - 3.21m x 2.76m (10'6" x 9'0") - Panel P-Bath with shower above. Glazed shower screen. Part-tiled walls. Low-level W/C. Pedestal hand basin. UPVC double glazed window to the rear aspect. Vinyl flooring.
Kitchen - 3.55m x 3.22m (11'7" x 10'6") - A range of wall & base units with laminate worktops incorporating stainless steel wink with single drainer. Plumbing for washing machine. Integrated electric oven & gas hob. Extractor hood. Tiled splash-backs. Laminate flooring. UPVC double glazed windows to the side aspect. Wall-mounted combi-boiler. Radiator.
Apartment Three -
Living Room - 4.85m x 3.91m (15'10" x 12'9") - UPVC double glazed bay window to the front aspect with views over the Market Place & Town Hall. Laminate flooring. 2x radiators. LED downlighting.
Kitchen - 4.76m x 3.75m (15'7" x 12'3") - A range of modern wall, base & drawer units. Integrated eye-level double oven with separate gas hob. Extractor hood. Integrated fridge / freezer. Laminate worktops incorporating stainless steel sink with single drainer & mixer tap. Laminate flooring. LED downlighting. UPVC double glazed bay window to the front aspect overlooking the Market Place & Town Hall. Radiator.
Bedroom One - 4.20m x 3.29m (13'9" x 10'9") - Window to the side aspect. Carpeted. Radiator. Fitted wardrobe.
Bedroom Two - 4.04m x 2.96m (13'3" x 9'8") - UPVC double glazed window to the side aspect. Carpeted. Radiator.
Bedroom Three - 3.65m x 2.78m (11'11" x 9'1") - UPVC double glazed window to the rear aspect. Carpeted. Storage cupboard. Radiator.
Bathroom - 2.36m x 1.50m (7'9" x 4'11") - Panel bath with shower above. Glazed shower screen. Low-level W/C. Pedestal hand basin. Chrome heated towel rail. Vinyl flooring. Tiled walls. LED downlighting.
Shower Room - 1.84m x 1.75m (6'0" x 5'8") - Walk-in shower cubicle. Low-level W/C. Hand basin with vanity unit. Tiled walls. Vinyl flooring. UPVC double glazed window. Chrome heated towel rail.
Apartment Four -
Living Room - 5.95m x 3.25m (19'6" x 10'7") - Laminate flooring. Window to the side aspect. Radiator.
Bedroom One - 5.64m x 2.89m (18'6" x 9'5") - Carpeted. Window to the side aspect. Radiator.
Kitchen - 3.64m x 3.42m (11'11" x 11'2") - A range of wall & base units. Laminate worktops incorporating stainless steel sink with single drainer & mixer tap. Integrated electric oven & gas hob. Extractor hood. Laminate flooring. Plumbing for washing machine. 2x UPVC double glazed windows to the side aspect. Radiator.
Bedroom Two - 4.12m x 1.76m (13'6" x 5'9") - Carpeted. UPVC double glazed window. Radiator. Loft hatch.
Bathroom - 3.22m x 2.75m (10'6" x 9'0") - Panel P-bath with shower above. Glazed shower screen. Pedestal hand basin. Low-level W/C. Vinyl flooring. UPVC double glazed window. Radiator.
Storage Cupboard - 2.00m x 2.00m (approx.) (6'6" x 6'6" (approx.)) - Accessed from the landing, a handy lockable storage cupboard.
Apartment Five -
Entrance Hall - 2.21m x 1.80m (7'3" x 5'10") - Carpeted. UPVC double glazed window.
Open-Plan Living, Dining & Kitchen Area - 8.95m x 5.21m (29'4" x 17'1") - A fabulous light & airy open-plan living space with open views over the Town Hall. Carpeted to the Living & Dining Area, with laminate flooring to the Kitchen. A range of wall & base units. Laminate granite-effect worktops incorporating stainless steel 1 1/2 bowl sink with single drainer & mixer tap. Tiled splash-backs. Integrated electric oven & gas hob. Extractor hood. Plumbing for washing machine. 2x Hardwood glazed sash windows to the side aspect, 2x hardwood glazed sash windows to the front aspect & additional skylight. LED downlighting. 3x Radiators. Loft hatch.
Bedroom One - 4.33m x 4.04m (14'2" x 13'3") - Carpeted. Radiator. Hardwood glazed sash window to the front aspect.
Bedroom Two - 4.23m x 3.42m (13'10" x 11'2") - Carpeted. Radiator. Storage cupboard housing the boiler. UPVC double glazed window to the side aspect.
Bathroom - 4.28m x 2.51m (14'0" x 8'2") - Panel bath with thermostatic shower above. Glazed shower screen. Pedestal hand basin. Low-level W/C. Vinyl flooring. Hardwood glazed sash window. Radiator.
Disclaimer - Please note that all measurements contained in these particulars are for guidance purposes only and should not be relied upon for ordering carpets, furniture, etc. Anyone requiring more accurate measurements may do so by arrangement with our office.
Our description of any appliances and / or services (including any central heating system, alarm systems, etc.) should not be taken as any guarantee that these are in working order. The buyer is therefore advised to obtain verification from their solicitor, surveyor or other qualified persons to check the appliances / services before entering into any commitment.
The tenure details and information supplied within the marketing descriptions above are supplied to us by the vendors. This information should not be relied upon for legal purposes and should be verified by a competent / qualified person prior to entering into any commitment.
Brochures
High Street, LoftusBrochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
High Street, Loftus
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About Inglebys Estate Agents, Saltburn-By-The-Sea
4a Station Street, Saltburn-By-The-Sea, TS12 1AE
Inglebys Estate Agents offer a range of sales, rental and mortgage services in Saltburn, East Cleveland and beyond.
If you're looking to sell or let your property you will always benefit from an Estate Agent that has extensive local knowledge and is up to date within the areas which you want to buy, sell or let.
Established in 1994 Inglebys are a family run business based in the seaside town of Saltburn, we have experienced steady growth and a growing reputation over the years. Since opening our offices in Saltburn and Loftus we have built a strong estate agency service which serves both residential and commercial properties. In addition to this we have a very well established professional lettings service with a large managed portfolio.
Our reputation, expertise, integrity and great customer service have helped us become one of the most trusted independent estate agents in the area. This is our area, and we know it best!
It is true to say that our industry has seen many changes, mainly with the advent of on-line/hybrid agents. However, we find that nothing can replace local and professional knowledge of our area with extensive experience of selling and letting property.
We offer simple contracts with no hidden costs and/or fee's... Remember, it's your property to sell or let!
The location of our office's at the centre of one of East Clevelands busiest towns in Saltburn means that we do not have to rely on on-line portals alone to sell your property. With the addition of our Loftus office, this provides more access to all of our clients alike. The High Street agent still has a lot to offer!
Erin Worton is also a Member of the NAEA a voluntary code of conduct which we subscribe to as well as The Property Ombudsman. Reaffirming our commitment that we are happy to act in a regulated fashion in a non-regulated industry!
We are also members of the Association of Residential Letting Agents (ARLA) another voluntary code of conduct for our lettings department, which again proves our commitment to working in a regulated fashion.
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Visit our security centre to find out moreDisclaimer - Property reference 33399531. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Inglebys Estate Agents, Saltburn-By-The-Sea. Please contact the selling agent or developer 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.
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