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3 bedroom house for sale

Fairlee Road, Newport

Sold STC £189,950

Property Description

Key features

  • Great Investment Opportunity
  • 2x Apartments to purchase
  • Tenants in-situ
  • Annual income of over 14,000
  • Purchase full Freehold of Property
  • Close to Town Centre

Full description

Attention investors! A great opportunity has come to the market in form of a freehold building currently split in to two flats each with their own parking and gardens. With a strong letting history, each flat is currently let on an assured shorthold tenancy at £550pcm & £625pcm respectively, therefore generating £14,100 income pa which in turn represents an annual gross return of over 7%. The preference is to sell the whole freehold building although interest in each individual apartment could be considered, each one currently with a long lease. A very solid investment opportunity and one not to be missed. Contact us straight away to make arrangements to view.

21 Fairlee Road - Ground Floor Flat - Access via shared driveway. Gated access to rear Garden area. Main entrance door to:

Kitchen - 1.93m x 3.78m (6'4" x 12'5") - Range of wall and base units. Single drainer stainless steel sink unit. Radiator. Gas cooker point. Plumbing for washing machine. Door to:

Bathroom - 1.65m x 1.93m (5'5" x 6'4") - Comprising of paneled bath, pedestal hand basin. Radiator. Door to separate WC.

Lounge (Off Kitchen) - 3.99m x 3.33m (13'1" x 10'11") - Rear aspect via double glazed window. Radiator. Door to inner lobby with cupboard housing central heating boiler.

Bedroom - 3.25m x 3.58m (10'8" x 11'9") - Front aspect via double glazed window. Radiator.

Outside - Parking space for two cars. A Good sized rear Garden laid to lawn, fully enclosed.

21A Fairlee Road - First Floor Flat - Private entrance to First Floor apartment. Stairs to landing, with stairs off to second floor. Doors to:

Lounge - 4.29m x 3.63m (14'1" x 11'11") - Front aspect via double glazed bay window. Radiator.

Bathroom - Paneled bath with shower over. Hand basin. WC. Radiator.

Kitchen - 3.91m x 1.68m (12'10" x 5'6") - Range of wall and base units. Single drainer stainless steel sink unit. Integrated oven. Radiator. Rear aspect of Garden via double glazed window. Plumbing for washing machine.

Second Floor -

Bedroom One - 4.27m x 3.63m (14'12" x 11'11") - Front aspect via double glazed window. Radiator.

Bedroom Two - 4.32m x 3.91m (max) (14'2" x 12'10" (max)) - Rear aspect via double glazed window. Radiator.

Outside - A good sized enclosed rear Garden laid to lawn with a sunny aspect. Accessed via a garden gate from the front parking area.

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
28 June 2017

Map & Street View

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