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" Excellent opportunity to acquire large investment property in centre of Crediton. We are informed the property is currently split into 3 self contained flats producing £1375 rent per month, equating to a gross income of £16,500 per annum, a 6.6% return

Ground Floor Flat : Living Room, Dining Room, Utility Area, Kitchen/Breakfast Room, Bedroom, Bathrooom & Garden
First Floor Flat : Living Room, Kitchen, 2 Bedrooms, Bathroom
Top Floor Flat : Living Room, Kitchen, Bathroom, 2 Bedrooms


DESCRIPTION This attractive 4 storey period property is ideally located, being just a level walk to the centre of the town.

The property comprises of a 2 bedroomed top floor flat, 2 bedroom first floor flat and an extremely spacious ground floor/garden flat. Currently the ground floor flat has use of the level fully enclosed garden, situated to the rear of the property and enjoys views over Newcombes Park.
The property has been recently refurbished with newly decorated entrance hall and staircase and meets the current regulations.

We are informed the property is currently split into 3 self contained flats producing £1375 rent per month, equating to a gross income of £16,500 per annum, a 6.6% return.
There is the possibility of extending the flats by reconfiguring and re-locating the central staircase if desired (subject to gaining the necessary permissions)

CREDITON is an old Mid Devon market town with a wealth of history, being situated just 7.5 miles north-west of the Cathedral City of Exeter with the M5 motorway some 3 miles further on. The town is surrounded by unspoilt farmland in an area of great natural beauty. There is a regular daily bus service to Exeter plus trains every hour to Exeter and Barnstaple and a local town bus which covers most urban areas. The town is most famous for its ancient parish church and for being the birthplace of St Boniface in 680 AD. It has excellent schooling facilities at both senior and junior levels and a sports and leisure centre incorporating a superb swimming pool. The town has an excellent selection of shops with a Morrisons and a large Tesco superstore/petrol filling station.

DIRECTIONS If entering Crediton from the south (Exeter side) proceed into the town going past the large parish church on your right. The property is located on the right hand side, just beyond Jaspers Hairdressers.

From the centre of Crediton, proceed towards the lower end of the High Street, go past HSBC Bank and the property is situated on the left hand side.

The accommodation comprises, with approximate measurements

Period hardwood glazed front door to

ENTRANCE VESTIBULE : 6'2 x 4'8 (1.88m x 1.42m) Having storage cupboard for each flat, glazed inner door and side panel to

COMMUNAL STAIRCASE : 21'9 x 7'1 (6.63m x 2.16m) Door to

GROUND FLOOR FLAT : Door to

ENTRANCE LOBBY : front door intercom system, wall mounted fuse box, separate entrances to

LIVING ROOM : 19'2 x 12'9 (5.84m x 3.89m) Attractive Victorian style period fireplace with tiled inset, attractive surround and slate hearth, two double radiators, telephone point, door to

BEDROOM 1 : 13'6 x 12'1 (4.11m x 3.68m) Fully tiled shower cubicle with Mira chrome shower mixer, double radiator, overlooking garden. Range of built in cupboards, picture rail, staircase down to

LOWER GROUND FLOOR

DINING ROOM : 11'1 x 11'1 (3.38m x 3.38m) Inset ceiling spotlighting, radiator, opening to

USEFUL UTILITY AREA : 11'3 x 5'6 (3.43m x 1.68m) having tiled flooring and inset ceiling spotlighting. Door to

INNER LOBBY AREA : With radiator and useful storage area. Step down to

KITCHEN / BREAKFAST BAR AREA : 11'10 x 11'6 (3.61m x 3.51m) Range of maple effect base units providing ample cupboard and drawer storage space with chrome handles. Rolled edge granite effect working surfaces with inset stainless steel sink and drainer, space for slot in cooker, attractive wall tiling. Wall mounted Worcester combination boiler providing domestic hot water and central heating. Space and plumbing for automatic washing machine, space for upright fridge freezer, quadruple bar spotlight fitting, glazed door leading to rear garden.

BATHROOM : 6'4 x 5'6 (1.93m x 1.68m) White suite comprising panelled bath, low level wc, pedestal basin, wall tiling.

OUTSIDE :

The flat also benefits from open fronted STORAGE 6'7 x 5'8 (2.01m x 1.73m). Steps up to lawned GARDEN 50' x 27'4 (15.24m x 8.33m) being laid to lawn with concrete path at side and well stocked flower beds, outside water tap and outside lighting.


FIRST FLOOR FLAT

Turning staircase to

FIRST FLOOR Door to

BATHROOM : 6'3 x 5'8 (1.9m x 1.73m) Fully tiled walls with attractive patterned inset, low level wc with push button flush, pedestal basin, bath plus 2 handgrips and wall mounted Mira instant electric shower unit. Radiator, tiled flooring, extractor fan.

HALLWAY : Cloak hooks, separate entrances to

LIVING ROOM : 16'2 x 13'1 (4.93m x 3.99m) max 2 double radiators, gas flamed fire, mantelpiece and surround. Attractive ceiling coving, separate entrances to

BEDROOM 1 : 13' x 9'7 Double radiator, sash window to front.

KITCHEN : 9'6 x 5'1 (2.9m x 1.55m) Range of shaker style base units with designer chrome handles, matching wall cabinets, rolled edge polished marble effect working surfaces with space for slot in cooker. Space and plumbing for automatic washing machine, inset one and a half bowl sink and drainer, tiled flooring, sash window.

BEDROOM 2 : 12'5 x 8'4 (3.78m x 2.54m) Double radiator, cupboard housing Worcester gas fired central heating boiler providing domestic hot water and central heating. Views over town, further cupboard space to side of fireplace (currently blocked up).

TOP FLOOR FLAT

BATHROOM : 6'9 x 5'8 (2.06m x 1.73m) White suite comprising low level wc with push button flush, pedestal basin, bath plus 2 hand grips, Mira instant electric shower unit, radiator, attractive wall tiling with attractive patterned inset. Extractor fan.

Stairs to

LANDING : 10'5 x 4'1 (3.18m x 1.24m) Access to loft space, front door intercom system, separate entrances to

LIVING ROOM : 16'1 x 13'5 (4.9m x 4.09m) Gas fire, 2 double radiators and 2 sash windows to front elevation.

KITCHEN : 9'1 x 6'2 (2.77m x 1.88m) Range of maple style base units with chrome long handles and matching wall cabinets, rolled edge marble effect working surfaces with space for slot-in cooker. Space and plumbing for automatic washing machine, sink and drainer, attractive wall tiling, sash windows, overlooking town and bowling club. Tiled flooring, separate entrances to

BEDROOM 1 : 13' x 8'4 (3.96m x 2.54m) Sash window to rear elevation overlooking town and Newcombes Park and Bowling Club. Built in storage cupboard with Worcester gas fired central heating boiler providing domestic hot water. Further built in storage cupboard to side.

BEDROOM 2 : 13'8 x 9'1 (4.17m x 2.77m) Radiator, sash window to front elevation.

V1 - Draft particulars
DHC5694

THE PROPERTY MISDESCRIPTIONS ACT 1991
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property. "