£350,000

Apsley Road, Great Yarmouth

7 Bed

6 Bath

£350,000

Apsley Road, Great Yarmouth

7 Bed

6 Bath

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Investment Property

Currently 50% Occupied

Rental Potential £52,800

Yield of 15%

Turn Key Investment

6 Individual Flats

Chain Free

Investment Opportunity – Apsley Road Block of 6 modern flats (2 studios, 3x1-beds incl. 1 large, 1x2-bed). 3 let on company ASTs, 3 vacant. Potential rent £52,800 pa, 15% yield. Flexible for serviced accommodation or long-term lets.

An attractive and well-presented block of six self-contained flats situated on Apsley Road. The property offers a strong investment opportunity with excellent income potential and flexible letting options.

The accommodation comprises:

2 x Studio Flats

2 x 1-Bedroom Flats

1 x Large 1-Bedroom Flat

1 x 2-Bedroom Flat

Internally, the property has been modernised throughout, with bright and stylish living spaces, contemporary kitchens, and updated bathrooms (see photos). A rear courtyard provides additional outdoor space.

Currently, 3 of the 6 units are let on regular company AST agreements, while the remaining 3 are vacant, offering scope for immediate rental uplift.

With a potential gross income of £52,800 per annum and a yield of approximately 15%, this is a high-performing investment opportunity.

The property is suitable for both long-term residential lets and serviced accommodation, giving investors maximum flexibility in strategy.

Disclaimer

Howards Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.

Howards Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.

Location

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Room Descriptions

Communal Entrance Hall

Composite entrance door, stairs to first floor, locked under stairs storage cupboard, door to Flat 1, door to rear hallway. Rear hallway has a plant room containing Ideal Logic Plus gas boiler, upvc door to outside courtyard space with outside tap.

Covered Communal Laundry/Utility/Garage

Storage cupboards and wall units, washing machines, sink. Outside wc.

Ground Floor Flat 1 Hall

5'1" × 3'6" (1.55m × 1.09m)

Doors off to

Flat 1 Living Room

16'4" × 16'0" (5.00m × 4.88m)

Upvc double glazed bay window to front, built in TV and data points, feature fireplace with decorative tiled surround.

Flat 1 Kitchen

10'9" × 6'11" (3.30m × 2.11m)

Fitted with a range of wall and base units with roll edge worksurfaces over, inset electric hob with cooker hood over, built in electric oven, stainless steel sink and drainer with mixer tap, space for fridge/freezer, upvc double glazed window to rear.

Flat 1 Bedroom

15'3" × 11'1" (4.65m × 3.38m)

Built-in cupboard (access to stopcock), upvc double glazed door to rear giving access to courtyard garden.

Flat 1 Bathroom

8'7" × 4'9" (2.64m × 1.45m)

White suite comprising of low level w.c., vanity hand wash basin with mixer tap and storage cupboards, panelled bath with wall mounted shower unit, tiled splashbacks, tiled flooring, upvc double glazed window to side, shaver light, extractor fan.

First Floor Landing

Access to Flat 3, fire door through to further first floor landing with radiator and stairs to second floor with locked under stairs storage cupboard, access to Flat 4.

Flat 3 Bedroom/Sitting Room

11'8" × 8'5" (3.56m × 2.59m)

Upvc double glazed window to rear, built in TV and data points, door to

Flat 3 Kitchen/Diner

9'1" × 8'0" (2.79m × 2.44m)

Range of wall and base units with roll edge worksurfaces over, inset electric hob with cooker hood over, built in electric oven, stainless steel sink and drainer with mixer tap, space for fridge/freezer, dining area, upvc double glazed window to rear.

Flat 3 Shower Room

9'1" × 6'2" (2.79m × 1.88m)

White suite comprising of low level w.c., vanity wash hand basin with mixer tap and storage cupboards, corner quadrant shower cubicle with aquaboard wall coverings, sliding shower screen doors and wall mounted shower unit, shaver light, extractor fan.

Flat 4 Kitchen/Diner

12'7" × 7'8" (3.84m × 2.34m)

Range of wall and base units with roll edge worksurfaces over, inset electric hob with cooker hood over, built in electric oven, stainless steel sink and drainer with mixer tap, space for fridge/freezer, dining area, upvc double glazed window to front, door to

Flat 4 Bedroom/Sitting Room

12'4" × 7'8" (3.76m × 2.36m)

Upvc double glazed window to front, built in TV and data points, door to

Flat 4 Shower Room

12'4" × 5'10" (3.76m × 1.80m)

White suite comprising of low level w.c., vanity wash hand basin with mixer tap and storage cupboards, corner quadrant shower cubicle with aquaboard wall coverings, sliding shower screen doors and wall mounted shower unit, upvc double glazed window to front, built-in storage cupboard, shaver light, extractor fan.

Second Floor Landing

Access to Flats 5 and 6.

Flat 5 Bedroom

8'2" × 9'6" (2.51m × 2.90m)

Upvc double glazed window to rear, door to

Flat 5 Lounge

10'9" × 7'1" (3.28m × 2.18m)

Upvc double glazed window to rear, built in TV and data points, door to

Flat 5 Kitchen

Range of wall and base units with roll edge worksurfaces over, inset electric hob with cooker hood over, built in electric oven, stainless steel sink and drainer with mixer tap, space for fridge/freezer, dining area, upvc double glazed window to rear, door to

Flat 5 Shower Room

5'1" × 6'5" (1.57m × 1.98m)

White suite comprising of low level w.c., vanity wash hand basin with mixer tap and storage cupboards, corner quadrant shower cubicle with aquaboard wall coverings, sliding shower screen doors and wall mounted shower unit, heated towel rail radiator, extractor fan.

Flat 6 Bedroom

12'7" × 7'6" (3.84m × 2.31m)

Upvc double glazed window to front, door to

Flat 6 Lounge

12'4" × 7'1" (3.78m × 2.18m)

Upvc double glazed window to front, built-in TV and data points, door to shower room and door to

Flat 6 Kitchen/Diner

12'7" × 6'2" (3.84m × 1.88m)

Range of wall and base units with roll edge worksurfaces over, inset electric hob with cooker hood over, built in electric oven, stainless steel sink and drainer with mixer tap, space for fridge/freezer, dining area, upvc double glazed window to front.

Flat 6 Shower Room

7'6" × 3'10" (2.29m × 1.19m)

White suite comprising of low level w.c., vanity wash hand basin with mixer tap and storage cupboards, corner quadrant shower cubicle with aquaboard wall coverings, sliding shower screen doors and wall mounted shower unit, shaver light, extractor fan, heated towel rail radiator.

Flat 2 Entrance Hall

Accessed from the rear courtyard, stairs to first floor landing and doors off to

Flat 2 Living Room

16'2" × 9'1" (4.93m × 2.79m)

Upvc double glazed door to rear, built in TV and data points,

Flat 2 Kitchen

7'10" × 4'2" (2.41m × 1.27m)

Range of wall and base units with roll edge worksurfaces over, inset electric hob with cooker hood over, built in electric oven, stainless steel sink and drainer with mixer tap, space for fridge/freezer, upvc double glazed window to side, door to rear.

Flat 2 Bathroom

8'9" × 6'7" (2.69m × 2.01m)

White suite comprising of low level w.c., vanity hand wash basin with mixer tap and storage cupboards, panelled bath with wall mounted shower unit, tiled splashbacks, heated towel rail radiator, tiled flooring, upvc double glazed window to side, extractor fan.

Flat 2 First Floor Landing

Doors off to

Flat 2 Bedroom 1

12'6" × 8'2" (3.81m × 2.51m)

Upvc double glazed window to side.

Flat 2 Bedroom 2

10'0" × 9'3" (3.07m × 2.82m)

Upvc double glazed window to rear.

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