3 Bedrooms Flat for sale in Ferry Road, Rye, East Sussex TN31 | £ 250,000
Overview
| Price: | £ 250,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Flat |
| County: | East Sussex |
| Town: | Rye |
| Postcode: | TN31 |
| Address: | Ferry Road, Rye, East Sussex TN31 |
| Bathrooms: | 2 |
| Bedrooms: | 3 |
Property Description
*Investors* A perfect opportunity to purchase two apartments within the same building, including the freehold. In the centre of Rye, next to the train station and shops, there is a ground floor one bedroom apartment, and upstairs, there is a two bedroom apartment. Both properties are in excellent condition and selling with tenants in situ. Double glazing and energy efficient electric heating. Chain free.
An excellent opportunity for investors to acquire two properties in one building, which was completely refurbished about 4 years ago.
The historic Cinque Port town of Rye has a wealth of boutique shops, restaurants, pubs and coffee shops. Its mainline train station has excellent links to Hastings (20 mins), Brighton (90 mins), and Ashford (20 mins). From Ashford the high speed train reaches London St. Pancras in under 40 minutes. The Channel Tunnel at Folkestone is a 45 minute drive.
Nearby towns include Hastings with its old town art galleries and festivals; Ashford with a John Lewis store and McArthurGlen Designer Outlet.
Ground Floor Apartment
Enter through the communal UPVC door, shared with the first floor flat, and go into the ground floor apartment. There is a spacious living room with dining space; the main bedroom is to the front with a large bay window, and storage set below. There is a shower room off the living room, and to the rear is a W.C. And wash basin. The kitchen is to the rear as well with oven, hob, space for fridge freezer and washing machine.
Please note we are unable to gain access for photographs in this property due to tenants in situ.
First Floor Apartment
Lead up the stairs to the first floor. A bright open plan living room with kitchen area. Space for washing machine, fridge freezer, and free standing oven. To the front is a large double bedroom with twin windows, and to the rear is a bathroom with shower over. There is a further single bedroom with window.
The ground floor apartment is on a periodic monthly Residential Tenancy Agreement, with a rent of £575. The first floor apartment is currently on the rental market for £650 per month.
Therefore, the rental yield for these two flats combined, would be around 5.5 - 6.0% per annum.
Double glazing and energy efficient electric heating.
EPC: C
Selling with freehold of the building and long leases.
Property Location
Property Marketed by Patrick Oliver
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