About this property
Key Features
Freehold
Central location
Arranged as a 5 bed licenced HMO and separate 1 bed flat
Residential investment opportunity producing £32,760 pa
Description
An excellent chance to acquire a substantial residential property occupying a corner position in the heart of the popular town of Littleport, just north of Ely. The property is of brick wall construction (in part painted cream) beneath pitched slate covered roofs and green painted timber framed windows.
The property is configured to provide a 5 bedroom licenced HMO (No.8), with a further self-contained 1 bed flat/annex (known as 8A/Globe Lodge).
The internal accommodation of No. 8 comprises:
Ground Floor: Entrance; communal Lounge with laminate floor; communal Kitchen with tiled floor, a range of MDF base and wall units, dual aspect windows; rear Lobby with access to rear garden; Bedroom 1; Bedroom 2; Cloakroom with WC, sink.
First Floor: Landing; Bedroom 3 with fitted carpet, cupboards and wash hand basin; Bedroom 4 with fitted carpet, cupboard and wash hand basin; Bedroom 5 with fitted carpet and pair of cupboards and window to front; Shower Room with shower cubicle, wash hand basin, WC and lino floor; Bathroom with WC, wash hand basin and bath.
The self-contained flat (known as 8A/Globe Lodge) is attached to the right hand side of the main property and provides the following accommodation:
Ground Floor: Entrance; Lounge with fitted carpet, dual aspect windows and stairs to first floor; Kitchen with tiled floor and a range of MDF base and wall units; Bathroom with WC, wash hand basin and bath, with tiled floor and walls.
First Floor: Double bedroom with 2 built-in cupboards and window to side.
The gross internal area of the HMO is approximately 128m², while the gross internal area of the self-contained flat is 42m². Therefore the over all gross internal area of No.8 and 8A is approximately 170m² (1,830ft²).
New boiler fitted in 2018, along with fire alarm system and carpets.
Outside: To the rear of the property is a small courtyard-style garden with astro-turf area and perimeter flower beds. There is an area for bicycle storage.
Council Tax Band E. EPC Rating E.
Tenure
Freehold subject to tenancies
Location
8 & 8A Globe Lane is located in the heart of the large village of Littleport, just a short walk from the Co-op convenience store and the range of shops, facilities and services that are found in the village centre.
The village lies approximately 6 miles north east of Ely. Littleport has its own railway station on the Fen Line with services to and from London Kings Cross Station. Littleport also enjoys easy access to the A10 trunk road which leads to both Ely and Cambridge and to the south.
Lot Type
Residential
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Dawn Tegerdine at Fraser Dawbarns, 29 London road, Downham Market, Norfolk, PE38 9AS
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�
Accommodation
| Unit |
Accommodation |
Tenancy |
Rent per Annum |
|
|
|
|
| Room |
Rent per annum |
Tenancy state date |
| 1 |
4940 |
October 2018 |
| 2 |
4940 |
September 2022 |
| 3 |
5200 |
July 2021 |
| 4 |
4940 |
May 2022 |
| 5 |
4940 |
December 2019 ECDC sponsored |
| 6 |
7800 |
October 2017 ECDC sponsored |
| Total |
32,760 |
|
All rents paid directly to landlord and include utilities.
All rents will be rising £5 per week from October (£34,320pa)