5 bedroom flat for sale
Key information
Property description & features
- 2 for 1 investment opportunity: Two tenanted town centre flats
- Fantastic 21% gross yield, generating £30,000 annually against a £140,000 asking price
- Both flats are in excellent condition, requiring no immediate refurbishment
- Prime location on Main Street, ideal for tenants looking for a town centre home
- Only a 10 minute drive from the Sellafield site so potentially attractive to workers or contractors
- Near the western lakes in the National Park, so there’s potential for holiday lets
- Flat 18a has two bedrooms, a spacious lounge, and modern kitchen and bathroom
- Flat 18b has three bedrooms, with comparable living space and amenities
- Can be sold fully furnished as a turn key investment
- Long lease terms with 197 years remaining, with potential for leasehold extension or freehold share
You Get Two Great Investments For The Price Of One With This Pair Of Tenanted Town Centre Flats. They’re being sold fully furnished, turn-key and in great condition. Even better, they’re delivering 21% Gross Yield - rented on ASTs!
If you’re a switched on investor the 21% gross yield might have grabbed your attention and stopped your scrolling! This pair of flats, rented on AST’s, really do generate £2,500 per month (£30k per year) between them, which delivers over 20% yield against the £140,000 asking price.
And you won’t have to budget for any costly refurbs or improvements - they’re both in tip top condition.
That does mean you won’t be able to do them up and remortgage to pull your money straight out…but when you’re getting such a great return you might consider it worthwhile to tie up your funds for a while.
As the Main Street address suggests, they’re both right in the town centre. Your tenants will have all the town centre shops, pubs and leisure facilities on their doorstep. So they’ll be perfect for tenants who work in the town centre and want to live close by.
It’s only a 10 minute drive to Sellafield. That means they could also appeal to Sellafield workers - either as a permanent home or in the future as a short term let appealing to contractors.
The location is also handy for the western lakes in the National Park - Ennerdale is only a 15 minute drive or a 40 minute bike ride away. Again that gives you short term holiday let options. It’s always good to have a Plan B or Plan C.
18a is the smaller of the two, with two bedrooms, a spacious lounge and a modern kitchen and bathroom.
18b is in the same great condition, with a similar sized lounge, kitchen and bathroom - just with three bedrooms rather than two.
This is reflected in the rent - 18a commands £1,000pcm and 18b gets £1,500pcm. The current owners include the utilities in the rent.
Although they’re being sold as a pair, they’re both fully self contained, with separate meters, so there’s nothing to stop the tenants being billed direct.
There’s 197 years remaining on the lease and no fees to pay, with the owners happy to extend these leaseholds or give buyers a share of freehold - subject to separate negotiation.
This unique 2-for-1 investment opportunity is going to be popular. Don’t miss out - [use Contact Agent Button] to arrange a private viewing.
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