3 Bed End Of Terrace House For Sale Kariba Close, Chesterfield, S41

£185,000- End Of Terrace

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Last Updated: 7th March 2024

Description

*** GUIDE PRICE £185,000-£195,000 ***

An excellent opportunity to acquire a modern three bedroom town house in this desirable location, providing an excellent investment opportunity being sold with a long standing tenant in situ providing a yield of circa 5%

7 Kariba Close - A modern end-terraced three bedroom townhouse situated in this popular residential location, on a quiet cul-de-sac yet within walking distance of the town centre and the train station.

The property is being sold as an excellent investment opportunity, Bothams having managed the property for almost 17 years and able to provide a full history. The current tenant has been in occupation since August 2021 with a first rate payment history. A modern property, this provides a good value opportunity in terms of compliance with the latest regulations for energy performance and a modern property ideally suited to rental.

The current rent is £9306 per annum, which represents a yield of circa 5%.

The Accommodation - The property comprises of a modern end-terraced townhouse, with a welcoming entrance hall off which is the kitchen, living room and ground floor WC. To the rear of the living room is a conservatory providing an additional reception room looking over the rear garden.

To the first floor there are three well-proportioned bedrooms and the family bathroom.

Outside the property to the frontage is off road parking and a lawned area of garden providing an attractive approach to the property.

To the rear of the property is a well-proportioned and secure rear garden, predominantly laid to lawn with a paved patio area.

Material Information - Conventional masonry construction
uPVC double glazed windows and doors
Gas central heating (Condensing Combi Boiler) - Vaillant ecoTEC plus 824
As far as we are aware the property is connected to and served by all of the mains services including electricity, gas, water and drainage.
Gross internal floor area - 78.3 sq.m./843 sq.ft.
Council Tax Band - C
EPC Rating - D
Currently let - the tenant has been in occupation for nearly three years, and is now holding over on a periodic tenancy following on from the initial AST. The current rent is £9306 per annum.
Freehold - Title Reference DY352785
Agent Details
Bothams
Ravenside House, 46 Park Road, Chesterfield, S40 1XZ

Investment Analysis

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Calculators

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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Potential Return-on-Cash Invested