5 bedroom block of apartments for sale

Flat 1-4, 22 Wellesley Road, Clacton-on-Sea

01255 770964

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Block of apartments

5 bed

4 bath

Key information

Tenure: Freehold

Council tax: Ask agent

Water: Ask agent

Heating: Gas

Electricity: Ask agent

Sewerage: Ask agent

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Property description & features

Tenure: Freehold
1 x two bedroom flat
Gas heating
Double glazing
Communal parking & gardens
Walk to town & station
Sole agents !
Potential rental income of £32,400
Potential 7.9% gross yeild
3 x 1 bedroom flats
Investment portfolio

Blake & Thickbroom are pleased to be offering for sale this investment opportunity comprising of a substantial semi-detached house currently converted into four flats, consisting of (3 x one bedroom flats) & (1 x two bedroom split level flat ). The Property is to be sold with Tenants in situ with a current annual rent of £30,000 (7.3% Gross yield on asking price ) In our opinion if the current rents were reviewed the property could potentially produce an increased annual rent of £32,400 (7.9% Gross yield on asking price). The property benefits from communal parking and is conveniently located within walking distance of Clacton's town centre, seafront and mainline railway station.

Agent Notes:
Material information for this property
Tenure is Freehold. Council Tax Band: Flats 1, 2, 3 & 4 Band A. EPC: (Flat 1 - D) (Flat 2 - D) (Flat 3 - D) (Flat 4 - E, It has expired but renewal is in hand)
Services connected
Electricity - Yes
Gas- Yes
Water- Yes
Sewerage Type- Mains
Telephone and Broadband coverage- Unknown
Prospective purchasers should be directed to website Checker.ofcom.org.co.uk to confirm the coverage of mobile phone and broadband for this property.
Any additional property charges - No
Non standard property features to note- Yes
The property underwent conversion from 5 flats into 4 flats planning no: 03/01574/ful

Rooms

COMMUNAL ENTRANCE
Communal entrance door affording access to ground floor flat and 2 x first floor flats. Access to the side leading to additional ground floor flat.

FLAT ONE GROUND FLOOR APARTMENT
Entrance door to kitchen/living/diner. Further door to lobby with access to bedroom and bathroom. Current Rent £600.00 pcm. Potential Rental Value after Review £700.00pcm 48 Sqm EPC D

FLAT TWO GROUND FLOOR APARTMENT
Entrance door to lounge. Further access to kitchen, bedroom and bathroom. Current Rent £650.00pcm. Potential Rental Value after Review £650.00pcm 32 Sqm EPC: D

FLAT THREE ONE BEDROOM FIRST FLOOR APARTMENT
Entrance door to living/kitchen/diner. Further access to bedroom and bathroom. Current Rent £550.00 pcm . Potential Rental Value after Review £575.00 pcm 27 Sqm EPC: D

FLAT FOUR TWO BEDROOM SECOND FLOOR SPLIT LEVEL APARTMENT
Entrance door to entrance hall. Further doors to bedroom and living/kitchen/diner. Stairs to first floor with access to further bedroom and bathroom. Current Rent £700pcm. Potential Rental Value after Review £775.00pcm 54 Sqm

OUTSIDE
The property has communal off road parking to the front. Pedestrian access to the right hand side to the communal gardens.

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Places of interest

Blake & Thickbroom - Clacton-on-Sea

70 Station Road Clacton-on-Sea, Essex CO15 1SP

01255 770964

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What is your home worth?

Tracey Blake, Steve Thickbroom, John Gallant, Mark Richardson, The four partners of this company have over 100 years combined experience in selling property. Prominent office locations in both Clacton on Sea and Holland on Sea, we aim to provide a high level of service in all areas with our staff being mature professional, competent and fully trained. We can offer you short notice free valuations with realistic and competitive commission rates. Full local and London advertising within Ilford, Romford, Barking and Dagenham areas, accompanied viewings, feedback on viewings, digitally produced full color property brochures with internal and external photographs and floorplans. Comprehensive internet marketing of your property through major property websites, and we offer our own in house independent financial advisor for any free mortgage advice required. All of our valuation staff are mature and experienced with extensive local knowledge. Register your details on our valuations page for a free, no obligation market appraisal.

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Property reference 11269. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Blake & Thickbroom - Clacton-on-Sea.

OnTheMarket may have applied supplementary data to this property listing, including:

Broadband availability and predicted speed

Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s

The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

Mobile phone signal availability and predicted strength

Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

Energy Performance data and Internal floor area

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*Call rate information

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