5 Bed House For Sale College Road, Maidstone, ME15

£750,000

1 of 5
  • Description
  • Street View
  • Maps
Last Updated: 22nd May 2024

Description


SUMMARY
FREEHOLD BUILDING CURRENTLY OCCUPYING FIVE SEPARATE RENTAL APARTMENTS, THREE ONE BEDROOM APARTMENTS AND TWO STUDIO APARTMENTS. LONG TERM TENANTS, CLOSE TO MAIDSTONE TOWN CENTRE, LOCAL AMENITIES AND MAINLINE TRAIN STATIONS.


DESCRIPTION
A rare opportunity has come available to purchase this substantial property which is home to five separate apartments all currently being let. Three one double bedroom apartments and two modern studio apartments all with long-term tenants. If you're looking for an investment opportunity than this property holds the key to huge potential. Conveniently located close to Maidstone town centre, mainline train stations and local amenities. Call us today to arrange your viewing appointment.

Maidstone is the largest town in Kent and lies 32 miles south east of London, trains run directly into London taking no longer than an hour on the fast train. The popular Bluewater shopping centre is only 20 miles away however if you like a day out to the coast, Whitstable is only 28 miles away.

The town centre boasts two main shopping centres, The Mall and Fremlin Walk, with a mixture of the high streets favourite stores plus some unique stores too. It has a vast selection of restaurants and bars and offers vibrant nightlife.
Maidstone is a fantastic location to reach all attractions Kent has to offer and is perfect for couples, families and groups of friends with a real mixture of different things to do varying for exploring castles, enjoying fresh local food, special events, sport activities, beautiful countryside walks and numerous villages.



1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.\r
2: These particulars do not constitute part or all of an offer or contract.\r
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.\r
4: Potential buyers are advised to recheck the measurements before committing to any expense.\r
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.\r
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Agent Details
Connells
30 King Street Maidstone ME14 1BS

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 5 bedroom property. See more properties like this.

£450,000
Maidstone, ME15
Semi Detached
4.6
£580,000
Maidstone, ME14
Terraced
3.9
£650,000
Maidstone, ME14
Semi Detached
3.4
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

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.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested