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1 bedroom flat for sale

Dunedin Way, Hayes

Sold STC £169,500

Property Description

Key features

  • Auction Date: 21st - 22nd February 2018
  • Ground floor one bedroom flat
  • Planning permission for rear extension to two bed flat
  • Average internal condition
  • Income producing investment
  • Currently under rented at 9,000 pa
  • Potential to increase rent 11,500 pa (1 Bed)
  • Potential rent 14,500 pa (2 Bed)
  • Potential yield of 8.55% (before costs) based on the guide price
  • Total: 31 Sq. M (333 Sq. Ft) - Taken from EPC

Full description

The property comprises a one bedroom ground floor flat benefiting from a kitchen/living room, bathroom and double bedroom.

There is planning permission in place to extend the property to the rear to allow for conversion into a two bedroom flat.

Off road parking is provided by allocated parking space.

Investment Analysis - The flat is currently under rented at £750 pcm (£9,000 pa), representing a gross annual yield of 5.31% based on the guide price. Potential to achieve £958 pcm (£11,500 pa) on a rent increase or if re-let.

The tenant has been served a section 21 and has a move out date for 11th March 2018.

If the property was to be extended and converted into a two bedroom, we estimate the flat could achieve £14,500 pa. Planning reference: 32525/APP/2015/3117.

Services - We understand the property to have mains electricity, water and drainage however all parties should make their own enquiries.

Buyers Premium - 2.4% (min. £3,000) inc. VAT

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
09 January 2018

Map & Street View

Disclaimer - Property reference 27531636. The information displayed about this property comprises a property advertisement. 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 John Pye Property, Nottingham . 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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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call John Pye Property, Nottingham on 0115 970 6060.

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