Block of Apartments for sale

Nythfa, New Road, New Road, Newtown, Powys, SY16

£239,950

Property Description

Key features

  • A Residential Investment Opportunity
  • Comprising Seven Bedsits in Converted Victorian Semi Detached Dwelling House
  • Currently producing a rent of 23,688 offering a yield against the asking price of 9.47%
  • Located on New Road opposite the town cenotaph with easy access to the town centre & railway station
  • Opportunity to increase the monthly rent
  • Part UPVC double glazing
  • Electric Heating

Full description

A Residential Investment Opportunity. Comprising Seven Bedsits in Converted Victorian Semi Detached Dwelling House. Currently producing a rent of £23,688 offering a yield against the asking price of 9.47%. Located on New Road opposite the town cenotaph with easy access to the town centre & railway station. Opportunity to increase the monthly rent. Part UPVC double glazing. Electric Heating

Foreword - Victorian Semi Detached Dwelling House converted into seven Bedsits over three floors.
Flat 1: is situated off New Road with its own front entrance door.
Flat 2: side gate leads to the rear flat with its own private entrance door.
Flat 3: private side entrance door.
Flat 4, 5, 6 & 7: via communal side entrance door on the ground floor. Flats 4 & 5 are located on the first floor and Flats 6 & 7 are located on the second floor.

Accommodation - All flats have an open plan Kitchen/Lounge/Bedroom area with separate shower room off.
Flat 4: Open Plan Kitchen/Lounge/Bedroom 5.29m x 4.21m
Flat 7: Open Plan Kitchen/Lounge/Dining Area 5.47 x 4.21m
Flat 2: Open Plan Kitchen/Lounge/Bedroom 5.29m x 3.53m
All flats have electric heating.

Outside - Parking area for one car.
Side path to small rear area.

Cellar Area - approached by the door under Flat 1.

Services - Mains electricity, water and drainage.
All Flats are separately metered.
Electric Heating.

N.B. The services, flues and appliances have not been tested and no warranty is provided with regard to their condition.

Energy Performance Certificate (Epc) - A full copy of the EPC's are available on request.

Flat 1 - EPC rating D (60) 23.04.2019
Flat 2 - EPC rating C (70) 23.04.2019
Flat 3 - EPC rating D (57) 15.04.2019
Flat 4 - EPC rating E (46) 30.10.2017
Flat 5 - EPC rating C (70) 23.04.2019
Flat 6 - EPC rating E (40) 30.10.2017
Flat 7 - EPC rating E (53) 21.11.2017

Some Flats have had internal wall insulation.

Tenancies - All flats are let at a rent of £282 per calendar month giving a total rent of £23,688 per annum.
All Flats are let under Assured Shorthold Tenancy Agreements.
At the time of marketing Flat 2 was currently vacant.

Viewing - By appointment with the Agents.

Directions - From the town centre proceed towards the Former St Davids Church turning left at the traffic lights onto New Road. The property is a short distance on the right hand side opposite the towns cenotaph.

Money Laundering Regulations - On putting forward an offer to purchase you will be required to produce adequate identification to prove your identity within the terms of the Money Laundering Regulations (MLR 2017 came into force 26.06.2017) E.G: Passport or Photographic Driving Licence and a recent Utility Bill.

Mortgage Services - If you require a mortgage (whether buying through ourselves or any other agent) then please get in touch. We have an in-house Independent mortgage adviser (Mortgage Advice Bureau) who has access to a wealth of mortgage products. Appointments can be arranged to suit your individual requirements. Should you decide to use the services of MAB you should know that we would expect to receive a referral fee of £250.00 from them for recommending you to them.

Website - To view a complete listing of properties available For Sale or To Let please view our website www.morrismarshall.co.uk Our site enables you to print full sales/rental particulars, and arrange a market appraisal of your property.

Morris Marshall & Poole With Norman Lloyd - 01686 626160
Ref: 2019/S AHT 04/19


More information from this agent

Listing History

Added on Rightmove:
05 April 2019

Nearest station

  • Newtown (0.1 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Morris Marshall & Poole, Newtown

10 Broad Street, Newtown, Montgomeryshire, SY16 2LZ

01686 514004 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest station

  • Newtown (0.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Morris Marshall & Poole, Newtown

10 Broad Street, Newtown, Montgomeryshire, SY16 2LZ

01686 514004 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 28683429. 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 Morris Marshall & Poole, Newtown. 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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