£365,000
Boutport Street, Barnstaple, EX31
- 4 beds
£365,000
- 4 beds
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Cottage, Flat, Shop & Store and courtyard with excellent earning potential, contact the Phillips Smith & Dunn Barnstaple team for more information.
An excellent investment opportunity for those looking for 3 letting properties. The 2 bedroom flat is projected to achieve in the region of ?625pcm which the lettings agents have several interested tenants. The 2 bedroom cottage at the property is currently rented to a longstanding and loyal tenant at a reduced market rate of ?565pcm. This property would be projected at ?650pcm The shop is currently rented to a longstanding taxi firm who rent the shop and rear storage space to the left side as you look at the front elevation for ?333 pcm. The annual income projected for the building is in the region of ?20,000 per annum. With some redevelopment there is excellent HMO potential of c.?37,500 per annum. This first floor flat offers comfortable living in a convenient location. It features two large double bedrooms, each with ample space and storage.The living room is spacious with large windows that let in plenty of natural light. Additional storage helps keep the area tidy and functional.The kitchen provides sufficient workspace and overlooks the rear courtyard. The bathroom includes a modern electric water tank, a full-sized bath, and a sink. A separate WC is located by the flat's entrance for added convenience. There is a useful storage barn which could be let with the cottage, flat or ideal for HMO letting ability. There is also a rear access to the land which would be useful for a fire exit, ideal for the HMO potential.Flat - Electric Central Heating, Mains Water & Mains Drainage.
Flat
Hallway
Kitchen
2.10m x 2.22m (6'10 x 7'3 )Living Room
4.33m x 4.08m (14'2 x 13'4 )Bedroom 1
2.63m x 5.24m (8'7 x 17'2 )Bedroom 2
2.66m x 4.18m (8'8 x 13'8 )WC
0.93m x 2.29m (3'0 x 7'6 )Bathroom
2.12m x 2.24m (6'11 x 7'4 )Shop
Maisonette - The Cottage
Living Room
5.58m x 5.12m (18'3 x 16'9 )Kitchen Diner
3.02m x 5.46m (9'10 x 17'10 )Bedroom 1
5.63m x 2.64m (18'5 x 8'7 )Bedroom 2
3.14m x 3.22m (10'3 x 10'6 )Bathroom
3.60m x 1.72m (11'9 x 5'7 )WC
1.54m x 1.00m (5'0 x 3'3 )The cottage offers a large living room with a characterful fireplace, off from the living room is the kitchen diner, with adequate kitchen worktop, sink and drainer. Storage is available underneath the stairs. Upstairs you have two good sized double bedrooms, with plenty of space for additional bedroom furniture. The family bathroom has a a bath with overhead shower, sink and makes use of a large storage cupboard. A seperate WC is located next door. The Cottage - Electric Heating, Mains Water & Drainage.Shop - Currently Tenanted to a local taxi firm. Approximately - 74m2
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