Hayes Road, Clacton-on-sea, CO15 1TX
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
3
- BATHROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Investment opportunity
- Two x 1 bed flats
- One x Studio flat
- Electric heating
- Double Glazed
- Seperate electric supplies to each flat
- £25,200 annual rental income
- 9.69% Gross Yield on asking price.
- Sole Agents
- Keys to view !
Description
An exceptional investment opportunity awaits with this terraced house, thoughtfully converted into two well-appointed one-bedroom flats and a comfortable studio flat, generating a substantial annual income of £25,200. This impressive yield represents a 9.69% gross return on the asking price, making it an attractive addition to any portfolio.
Each flat benefits from electric heating and double glazing, ensuring comfortable living spaces. The property is in excellent condition throughout, with separate electric meters for each unit, providing ease of management. Long-term tenants are currently in situ, offering immediate income for the new owner.
The location places this property within convenient walking distance of the train station, town centre, and seafront, enhancing its appeal to renters. The inclusion of off-road parking adds further value and practicality.
This freehold property represents an excellent opportunity to acquire a robust investment portfolio with established income streams. Inspections can be arranged via the sole agents.
Flat 1 (One Bedroom )
Lounge - 4.22m x 3.68m (13'10" x 12'1")
Kitchen - 3.48m x 3.25m (11'5" x 10'8")
Bedroom - 3.35m x 3.28m (11'0" x 10'9")
Shower room
Rear Garden
Flat 2 (One Bedroom )
Kitchen - 3.48m x 1.63m (11'5" x 5'4")
Lounge - 3.51m x 3.28m (11'6" x 10'9")
Bedroom - 3.53m x 3.28m (11'7" x 10'9")
Shower Room
Flat 3 (Studio )
lounge/bedroom - 3.43m x 2.95m (11'3" x 9'8")
Kitchen - 2.08m x 1.68m (6'10" x 5'6")
Shower Room
Material information for this property:
Tenure is Freehold.
Council Tax Band: A for all flats
EPC Ratings Flat 1 (C) Flat 2 (B) Flat 3 (C)
Services Connected:
Electricity - Yes ( Seperate Mains supply to each flat ).
Gas - No
Water - Yes (Mains supply).
Sewerage type - Mains.
Telephone and Broadband coverage - Yes, Prospective purchasers should be directed to Checker.ofcom.org.uk to confirm the coverage of mobile phone and broadband for this property.
Any additional property charges -No
Non standard property features to note - Yes Flat 1 has a registered lease (125 years from 01/04/1988. Flat 2 has a registered lease of (125 years from 01/04/2006. Flat 3 has no registered lease , however the current vendors are prepared to sell the freehold interest . Price to be advised.
MONEY LAUNDERING, TERRORIST FINANCING AND TRANSFER OF FUNDS (INFORMATION OF THE PAYER) REGULATIONS 2017- When agreeing a purchase, prospective purchasers will be asked to undertake identification checks including producing photographic identification and proof of residence documentation along with source of funds information. There will be an ADMIN CHARGE of £24 inclusive of VAT for a single applicant and £36 inclusive of VAT total for multiple applicants/buyers via a third party company who undertake our Anti Money Laundering checks.
- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Hayes Road, Clacton-on-sea, CO15 1TX
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Visit our security centre to find out moreDisclaimer - Property reference S1782251. 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 Blake & Thickbroom, Clacton on 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.