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BUY TO LET INVESTMENT: A FREEHOLD BUILDING CONTAINING 5 X SELF CONTAINED FLATS, FULLY LET WITH ANNUAL INCOME DUE TO INCREASE TO £39,408

103 Wellesley Road, Clacton on Sea, Essex, CO15 3PT

Residential
About this Property
2024-07-25
Modern
Residential
Description

A semi detached freehold building, close to Clacton Town Centre and Railway Station. The building contains five self contained flats that are all let on Assured Shorthold Tenancies, producing an income of £2,650 per calendar month (£31,800 per annum), however the seller is in the process of increasing the rent in line with the local authorities LHA rates from April 2024 that will see the annual income increase to over £39,000 which represents a yield just over 13.1% of the guide price.

Location
More Information
Freehold
Wellesley Road
A FREEHOLD BUILDING CONTAINING 5 X SELF CONTAINED FLATS, FULLY LET WITH ANNUAL INCOME DUE TO INCREASE TO £39,408
Planing Authority
Tendring LPA
Sold Price History
16 Dec 1996Sold£35,000
24 Sep 2024Sold£345,000
02 Jul 2025Sold Lot Auction House London£330,000

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