Victoria Street

PROPERTY OVERVIEW

A well-presented two-bedroom mid-terrace property, offered for sale with the current tenant in situ, who has recently moved into the property.

The property currently generates £875 pcm (£10,500 per annum), representing a gross rental yield of 8.75% at the asking price of £120,000.

An excellent opportunity for landlords and investors seeking an income-producing property from day one, with potential for future rental growth and long-term capital appreciation.

INVESTMENT HIGHLIGHTS

• Asking Price: £120,000
• Current Rent: £875 pcm
• Annual Rental Income: £10,500
• Current Gross Yield: 8.75%
• Freehold
• Tenant in situ
• Two-bedroom mid-terrace
• Modern dining kitchen with central island
• Conservatory
• Rear enclosed yard
• Council Tax Band A

POTENTIAL FOR FURTHER UPSIDE

The current rental income provides a strong starting point, with the potential to review rents in the future in line with market conditions and the terms of the tenancy.

PROPERTY DESCRIPTION

A particularly well-presented two-bedroom inner terrace house offering spacious accommodation arranged over two floors. The ground floor comprises a generous lounge, inner hall, modern dining kitchen and conservatory. The first floor provides two well-proportioned bedrooms and a family bathroom.

OUTSIDE

The property fronts onto Victoria Street and benefits from an enclosed rear yard with brick boundaries. Double timber gates provide access to the rear service road, with views over a green.

LOCATION

Situated in Hemsworth, Pontefract, the property is within reach of local shops, amenities, schools and transport links. The two-bedroom configuration makes the property suitable for a broad rental market, while the existing tenancy provides an immediate income stream for the incoming landlord.