Private Treaty - Two Bedroom Semi-Detached Bungalow - 57 The Meadows, Leominster, Herefordshire, HR6 8QY - Asking Price £160,000

Extra Details

• Asking price: £160,000
• On behalf of Joint LPA Receivers
• Semi-detached bungalow
• Two bedrooms
• Opportunity to add value
• Off road parking
• Rear garden
• Tenants in situ since May 2009
• Current rent: £575pcm / £6,900pa
• Freehold

Overview
A two bedroom semi-detached bungalow for sale by private treaty. Internally, the property will benefit from a programme of modernisation and refurbishment.

To the front of the property there is a driveway and a car port, providing off road parking. There is also a small lawned area.

The property is located in Leominster a market town in north Herefordshire. More specifically, the property is located on the eastern side of The Meadows, approximately half a mile from Leominster Town Centre via Green Lane and the B4361. Hereford is approximately 15 miles directly to the south and accessed by road via the A49.

Floor Area
Total approx. floor area of 51 m2 / 549 ft2
Measurement taken from EPC.

Investment Analysis
The property is let on an AST agreement to the same tenant since May 2009.

We are advised that the current rent is £575 per calendar month (£6,900 per annum), reflecting a gross yield of approximately 4%.

Services
We understand the property to have mains gas, electricity, water and drainage.

The services have not been inspected by John Pye Property and we recommend that interested parties complete their own investigations in this respect.

Tenure
Freehold

Council Tax
The property is rated in council tax band B. Council Tax payable (2023/24) is £1,810.04.

Asking Price
£160,000

EPC
https://find-energy-certificate.service.gov.uk/energy-certificate/8711-6826-6750-8007-2906