Highfield Road, Rowley Regis

A 4 Bedroom Terraced House Instruction to Sell in Rowley Regis

£149,950

INVESTMENT PROPERTY EARNING £925 PCM. A fantastic investment opportunity to purchase a three bedroom house together with a one bedroom flat and garaging included in the price. The properties comprises a THREE BEDROOM HOUSE TO THE FRONT AND A ONE BEDROOM FLAT TO THE REAR.   Benefitting from double glazing and  central heating the property is being sold as one unit with no upward chain and with current tenants in situe.  With a rental income of approx £925 per calendar month this makes a very good potential for a buy to let investor.  There is also the possibility of purchasing the limited company (further details later in the brochure)

Features

Lounge

3.58m x 3.65m (11' 9" x 12' ) Window to front and stairs leading to the first floor.

Kitchen

3.24m x 2.42m (10' 8" x 7' 11") Window and door to side. A range of eye and low level units incorporating: stainless steel sink and drainer, electric hob with extractor and electric oven. Space and plumbing for a washing machine. Tile flooring. Understairs cupboard.

Landing

Access to loft and doors to all first floor rooms.

Bedroom One

3.57m x 3.65m (11' 9" x 12' ) Window to front.

Bedroom Two

3.56m x 2.31m (11' 8" x 7' 7") Window to rear.

Bedroom Three

2.30m x 3.79m (7' 7" x 12' 5") Window to rear.

Family Bathroom

Three piece suite comprising panelled bath, low level WC and pedestal wash hand basin. Tile flooring.

Self contained Flat

Lounge (Reception)

3.11m x 3.00m (10' 2" x 9' 10") Side access door. Tiled floor.

Kitchen

2.69m x 2.80m (8' 10" x 9' 2") Window to side. A range of eye and low level units incorporating stainless steel sink and drainer, space and plumbing for washing machine. Built in electric oven and hob. Tiled flooring.

Bedroom

2.63m x 3.91m (8' 7" x 12' 10") Window to side and rear. Tiled floor.

Bathroom

3.59m x 1.26m (11' 9" x 4' 2") Three piece suite comprising panelled bath, low level WC and pedestal wash hand basin. Tiled floor.

Garage

Garden

Side access gate giving access to the flat , side access to the house and access to the garage. Small slabbed courtyard garden.

Limited Company purchase (if required)

This property is owned by a limited company and therefore any prospective purchasers wishing to make an offer has the option of purchasing the limited company along with it's asset and debt.

Company Details:
Asset
The sole asset of the company is the subject property

Debt
The company has a mortgage in place on the property at a rate of 1.9% giving an interest only monthly repayment of £135 pcm. The mortgage will be transferred to the new owner of the company following a sale. Approx 7 years remaining as of June 2018 **please note this is an interest only tracker mortgage which would require either settlement or re-mortgage at the end of the term and interest rates can go up or down.

Any interested parties wishing to purchase the company should seek legal advice prior to entering into any formal agreement or purchase.

Floorplan for Highfield Road, Rowley Regis
EPC Graph for Highfield Road, Rowley Regis


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