Property photos
Auction
Freehold
Guide price
£250,000
Block of flats for sale
39 & 39A Aylsham Road, Norwich, Norfolk NR3EPC rating: D
Key Information
Local area information
Property location
Nearby amenities
- Angel Road Junior School 0.2 miles
- Angel Road Infant School 0.2 miles
- Norwich 1.2 miles
- Salhouse 4.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Norwich to find out more about the local area.
Features and description
- Freehold
For sale by auction on Wednesday, 24 Jul 2024 at 11:00
Venue: Livestream Auction
High yielding residential investment comprising a house and two flats let producing around £37,380 pa
This lot comprises a four bedroom end terrace house and two self contained flats. Currently all are let on assured shorthold tenancies and produce around £3,115 pcm (£37,380 pa) in total. No 39 is a 121 sq/m end terrace house with four letting rooms. 39a is a 18 sq/m ground floor studio flat accessed off Eade Road. The studio is a 24 sq/m former double garage converted a few years ago into a one bedroom ground floor flat at the back of the property, also accessed from Eade Road. We are informed that garage conversion would require retrospective planning permission.
With a yield of over 10% at the guide after bills, this offers an opportunity for an investor looking for a high yielding income with a rental stream from a number of separate units.
Accommodation - 39
Ground Floor: Entrance hall, kitchen, front room with en-suite shower and wc
First Floor: Landing, front room with en-suite shower and wc and separate kitchen upstairs, middle room with en-suite shower and wc, back room with entrance hall and separate bathroom
Accommodation - 39a
Ground floor studio flat with lounge / kitchen / bedroom, shower room and wc
The Studio: Entrance hall, shower room with wc, kitchen, bedroom, sitting room
Rent Schedule - 39
Ground Floor: AST dated 27th September 2022, £460 pcm (£5,520 pa) including bills
First Floor/Front Room: AST dated 22nd October 2022, £400 pcm (£4,800 pa) including bills
First Floor/Middle Room: AST dated 1st October 2022, £405 (£4,860 pa) including bills.
First Floor/Back Room: AST dated June 2020, £350 pcm (£4,200 pa) including bills
Rent Schedule - 39a
Ground Floor Studio Flat: AST dated 23rd September 2012, £600 pcm (£7,200 pa) includes utilities but not council tax
The Studio: 6 month AST dated 15th May 2024 £900 pcm (£10,800 pa) including utilities but excluding council tax
Outside
Off road parking for two vehicles to rear, front and side garden and rear yard.
Council Tax Band
A
Viewing
Individual viewings can be arranged. Please call the Norwich Office to book an appointment.
EPC Rating: D
Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
High yielding residential investment comprising a house and two flats let producing around £37,380 pa
This lot comprises a four bedroom end terrace house and two self contained flats. Currently all are let on assured shorthold tenancies and produce around £3,115 pcm (£37,380 pa) in total. No 39 is a 121 sq/m end terrace house with four letting rooms. 39a is a 18 sq/m ground floor studio flat accessed off Eade Road. The studio is a 24 sq/m former double garage converted a few years ago into a one bedroom ground floor flat at the back of the property, also accessed from Eade Road. We are informed that garage conversion would require retrospective planning permission.
With a yield of over 10% at the guide after bills, this offers an opportunity for an investor looking for a high yielding income with a rental stream from a number of separate units.
Accommodation - 39
Ground Floor: Entrance hall, kitchen, front room with en-suite shower and wc
First Floor: Landing, front room with en-suite shower and wc and separate kitchen upstairs, middle room with en-suite shower and wc, back room with entrance hall and separate bathroom
Accommodation - 39a
Ground floor studio flat with lounge / kitchen / bedroom, shower room and wc
The Studio: Entrance hall, shower room with wc, kitchen, bedroom, sitting room
Rent Schedule - 39
Ground Floor: AST dated 27th September 2022, £460 pcm (£5,520 pa) including bills
First Floor/Front Room: AST dated 22nd October 2022, £400 pcm (£4,800 pa) including bills
First Floor/Middle Room: AST dated 1st October 2022, £405 (£4,860 pa) including bills.
First Floor/Back Room: AST dated June 2020, £350 pcm (£4,200 pa) including bills
Rent Schedule - 39a
Ground Floor Studio Flat: AST dated 23rd September 2012, £600 pcm (£7,200 pa) includes utilities but not council tax
The Studio: 6 month AST dated 15th May 2024 £900 pcm (£10,800 pa) including utilities but excluding council tax
Outside
Off road parking for two vehicles to rear, front and side garden and rear yard.
Council Tax Band
A
Viewing
Individual viewings can be arranged. Please call the Norwich Office to book an appointment.
EPC Rating: D
Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
Floor plans and tours
Floor plans (2)
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Listed by
Auction House East Anglia
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