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£285,000

St, Helens Rd Apartments, St. Helens Road, Doncaster, South Yorkshire, DN4

  • 0 beds
House

£285,000

  • 0 beds
House
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Estimate monthly mortgage payment:

£1,301 per month

Minimum deposit amount:

£14,250
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RESIDENTIAL INVESTMENT - FOR SALE - FREEHOLD - REVERSIONARY - 9% Great opportunity to purchase the freehold of a block of 4 flats in the Bell Vue area of Doncaster on St Helens Road (a highly sought after rental area). Currently 3 of the flats are tenanted with one remaining vacant and openly marketed available for ?850pcm. The overall current income for the block stands at ?26,100 per annum (?36,300 per annum when fully let). The rents are an all inclusive basis (not including council tax) with last years annual cost being ?14,853 per annum. There is scope on the investment to increase the rental levels. The asking price shows a yield of 7.5% on passing rents with a potential return of around 9.1% on the reversionary yields.

Unbroken Freehold

Sought after rental location

Well maintained building

Close to local amenities

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£1,301 per month
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Mortgage and legal costs:
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