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8 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Freehold
- Investment property
- Diversified Income Profile
- Income Producing
- Off Road Parking
- Popular Location
- Close to Local Amenities
- Block of Flats
- Fantastic Return Opportunity
- Attractive Yield
Rooms
Description
fully let block of flats generating an annual income of £32,400, producing an attractive gross yield of approximately 8.3%. The block consists of 5 self contained flats, 3 x 2 bedroom and 2 x 1 bedroom. Internally the flats are comprised of a kitchen/lounge, bathroom and bedroom(s). The property sits within a very large plot, offering parking for 10+ cars. Each flat benefits from electric heating and has UPVC double glazed windows.
Location
The property is located on Wellfield Road, a very popular and sought after area of Carmarthen, within walking distance of Carmarthen town centre, which is home to many national and local occupiers, providing a vast selection of shops and restaurants. Also within close proximity to schools, supermarkets and transport links.
Flat 1 (Ground Floor)
Two bedroom ground floor flat comprised of porch, entrance hall, kitchen/lounge/diner, bathroom and two bedrooms. Modern economy 10 electric central heating system. UPVC double glazing. Car parking space. Passing rent £525 pcm, contract start date December 2021, written statement has been served, last rent increase September 2024. EPC E rating. Council tax band A.
Flat 2 (Ground Floor)
Two bed ground floor flat comprised of kitchen/lounge/diner, bathroom and two bedrooms. Circa 45 sqm (484 sqft). Modern economy 10 electric central heating system. UPVC double glazing. Car parking space. Passing rent £525 pcm, contract start date December 2021, last rent increase September 2024, written statement has been served. EPC E rating. Council tax band B.
Flat 3 (First Floor)
One bedroom first floor flat comprised of entrance lobby, hallway, kitchen/lounge/diner, bathroom and bedroom. Circa 32 sqm (344 sqft). Modern economy 10 electric central heating system. UPVC double glazing. Car parking space. Passing rent £525 pcm, occupation contract start date February 2023, last rent increase February 2024. EPC F rating with exemption. Council tax band A.
Flat 4 (First Floor)
One bedroom first floor flat comprised of kitchen, lounge/diner, bathroom and bedroom. 29 sqm (312 sqft). Modern economy 10 electric central heating system. UPVC double glazing. Car parking space. Passing rent £550 pcm, occupation contract start date June 2024. EPC E rating. Council tax band A.
Flat 5 (Second Floor)
Two bed second floor flat comprised of kitchen/lounge/diner, bathroom and two bedrooms. Circa 38 sqm (409 sqft). Modern economy 10 electric central heating system. UPVC double glazing. Car parking space. Passing rent £575 pcm, occupation contract start date May 2024. EPC E rating. Council tax band B.
External
Large gravelled area for 20+ cars
Tenure
Freehold
Services
We are advised mains water, electricity & drainage are connected. Electricity supplied and metered independently.
Certificates
Satisfactory electrical certificate (DEICR) in date and available to view. Smoke alarms are mains throughout the property to comply with residential letting regulations
Construction
Stone
Please Note
These property details in no way constitute an offer of contract. Floor plans, virtual tours and measurements are approximate and buyers should satisfy themselves on all aspects of size, layout, condition, access and planning matters. No services or appliances have been tested by Swift Relocations and it would be the responsibility of the purchaser to do so. Photographs may have been taken with a camera using a wide angle lens. Photographs may depict items which are not included in the sale of the property. Swift Property Services is the trading name of Swift Relocations Ltd - Company reg: 7283983
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Broadband availability and predicted speed: obtained from Ofcom on April 12, 2022
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
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Mobile phone signal availability and predicted strength
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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: obtained on December 1, 2021 from 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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