4 bedroom apartment for sale
Key information
Property description & features
- Tenure: Freehold
- Sought after residential location close to town centre and local amenities.
- Four well appointed recently refurbished one bed flats.
- Quality fixtures and fittings, central heating, double glazing and off street parking.
- Reversionary income from Assured Shorthold Tenancies estimated at £34,800 pa.
- Freehol1d available subject to AST’s at Offers in Excess of £400,000.
An end of terraced two storey property arranged as four one bedroomed flats, two independently accessed at ground floor level and two sharing a lobby off of an external staircase at first floor level.
Each flat has a bedroom, a living room, a kitchen, a separate shower room and off-street parking. They are particularly well presented having recently been refurbished throughout and have double glazed windows, gas fired central heating to flat 1 and modern electric panel heaters to flats 2, 3 and 4, good quality kitchen and bathroom fittings and fitted floor coverings.
Utilities
Mains gas, drainage, electricity and water are connected. Each flat has separate electric and water meters. A boiler, which is housed in an external cupboard, serves flat 1. Flats 2, 3 and 4 have been recently fitted with energy efficient electric panel heaters.
Council Tax
Each apartment is within Council Tax Band ‘A’, the current tax payable for 2024/25 being:- £1,511.35.
Energy Performance Certificates
Current Asset Ratings are:- Flat 1 ’D55’, Flat 2 ’E49’, Flat 3 ’E54’, Flat 4 ’E44’.
Full copies of the Energy Performance Certificates are available upon request.
Investment Terms
The property is available subject to the three existing Assured Shorthold Tenancies and Flat 4 vacant at Offers in Excess of £400,000.
Based upon our opinion as to market rents, a purchase at this level reflects a net yield of 8.35% having allowed for purchaser’s costs at 4.18%.
VAT
We are advised the property is not registered for VAT therefore VAT will not be payable on the purchase price.
The property is located on the west side of Trinity Street, south of Holy Trinity Church, a popular residential area east of Taunton’s town centre and its wide range of shops, restaurants, bars and other amenities. Taunton, the county town of Somerset, serves as both the regional and administrative centre for the county. It is also a major tourist hub in the South West at the gateway to Devon, Cornwall, Exmoor National Park and is the home of the Somerset County Cricket Club. The town has seen extensive residential and commercial development in recent years with demand for housing continuing to rise.
Taunton has a district population of 110,200 and a primary catchment of 338,000. It benefits from excellent transport links being 1 mile West of Junction 25 of the M5 Motorway and within 36 miles of Exeter and 49 miles of Bristol, whilst its mainline railway station provides a regular service to London Paddington within 1 hour 50 minutes as well as links to the National Rail Network.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
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Energy Performance data and Internal floor area
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