Albert Road, Ashford

£575,000 OIRO
  • Availability: For Sale
  • Bedrooms: 8
  • Bathrooms: 2
  • Reception Rooms: 2
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Property Features

  • Investment Opportunity
  • ROI in the region of 7% net, ROI in the region of 9% gross
  • Tenure : Freehold
  • EPC rating : E
  • Council Tax Band : 14a B and 14B C
  • ROI in the region of 9% gross

Property Summary

Fantastic Investment opportunity. Nestled in the heart of Ashford on the prestigious Albert Road, this pre-1900 semi-detached house offers a tremendous investment opportunity for those seeking a property with great potential. Boasting 2 kitchens and an impressive 8 bedrooms, this spacious property is perfect for those looking for a lucrative investment opportunity.

The property is currently let as a fully licensed HMO and is split into two separate units.

14A Ground floor and accessed from Albert Road has three double bedrooms, a large kitchen, a shower room, and a separate WC.

Rental Income 14A B1 £600.00
Rental Income 14A B2 £580.00
Rental Income 14A B3 £600.00

14 B's First and Second floors are accessed from a side entrance in Hollington Place and have five double bedrooms, a newly fitted kitchen, a bathroom with an over bath shower, wash hand basin, and a WC as well as a separate WC.

Rental Income 14B B1 £600.00
Rental Income 14B B2 £555.00
Rental Income 14B B3 £600.00
Rental Income 14B B4 £555.00
Rental Income 14B B5 £550

Garage and Parking £200.00

Total Gross income (PCM) £4,840.00

Per Annum (Gross) £58080.00

Expenses (PCM)

Council Tax. £298.00

Water Rates £129.20

Utilities £341.93

Expenses (PCM) £769.13

Expenses (Per Annum) £9229.56

Per Annum (Net) £48,850.44

The detached double garage provides parking for up to two vehicles, with additional space in front of the garage. It can generate extra income in the region of £2400.00 per annum, making this property a genuinely versatile investment.

We have been managing this property for over fifteen years and it has a proven track record over this time It is rare to find a property of this nature in a highly sought-after street in the heart of the old to

Full Details

14 A

Entrance Hallway

WC

Shower room
With double cubicle and separate wash hand basin

Room 1 4.30m x 4.10m
£600 A lovely double room with a bay window overlooking the front of the property.

Room 2 3.37m x 3.35 m
£580.00 with door leading out onto a small patio this room benefits from its own private access meaning you can come and go as you please

Room 3 3.80m x 2.41m
£600.00 With separate lounge area this room feels more like a studio and has window from the lounge area opening to the side as well as window from the bedroom opening to the rear

Kitchen 3.79 x 3.02
With fitted washing machine, oven and hob

Room 4 3.82m x 2.27 m

Hall
With stairs to the first floor

Landing
Doors to rooms 1 and 2 and door to kitchen

Kitchen 2.58 x 2.41
Newly fitted kitchen with oven and hob as well as washing machine.

Room 1 4.41m x 4.29m

Room 2 3.98m x 3.60m

Second floor landing

Room 3 4.55 x 4.13

Room 4 3.94m x 3.37m

Room 5 3.80 x 2.99

Bathroom
With bath and over-bath shower as well as WC and wash hand basin

WC
With WC and wash hand basin

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