House for sale

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House for sale

Lime Tree Crescent, New Rossington, Doncaster, South Yorkshire
£1,457,000

Our Summary

  • We believe all the properties have scope for a rental increase by c
  • Potential for rent increases

Description

This residential investment portfolio consists of 10 properties, including 8 houses and 2 flats, located in Doncaster and surrounding areas. The properties are all let on Assured Shorthold Tenancy agreements, generating a total annual rent of £87,420. The sellers believe that the properties have scope for a 10% rental increase, bringing the total annual rent roll to around £96,000. The portfolio is being sold as a single lot, with the freehold interest in all 10 properties available for purchase, subject to the occupational tenancies. The asking price is £1,457,000, which reflects a gross initial yield of 6% and a gross reversionary yield of 6.6%. The properties have varying Energy Performance Certificates, with some having expired, but the sellers expect them to be updated to a "B" or "C" rating.