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Investment for sale in Belvedere Road, Taunton, Somerset, TA1

Guide price £250,000

  • Investment
  • Investment
  • Freehold

50 Belvedere Road is located in Taunton town centre near to Taunton Deane Borough Council and the new police station. The railway station is within walking distance which is currently being refurbished along with the development at Firepool. The mid terraced property has been in the clients ownership for over 20 years and are looking to sell due to retirement. The HMO rooms are all let on assured shorthold tenancies and currently the gross income is £26,000 per annum.

The rates are £90 for a single person without an en-suite. £100 for a single person with an en-suite facility per week and for 2 people sharing £120 per week with an en-suite facility. Room 6 is a self-contained ground floor apartment with its own private rear garden and is rented for £475 per calendar month.

Each of the rooms have their own electric card meters meaning that the landlord only pays for the electricity in the communal areas. The premises has a separate fire alarm system and is approved by the local housing officer as a HMO and together have 5 rooms with 8 people.

All of the rooms come with fridge/freezers and have access to the communal kitchen area on the ground floor of the building.

All measurements approximate.

Ground floor:-
Shower room with close coupled WC, wall mounted wash basin and shower cubicle used solely by room 1.
Room 1 3.69m x 3.65m (12’1 x 11’11). Stainless steel sink unit and bay window to front. Separate shower room located in the hall.

Bedroom 6 4.75m 2.71m (15’6 x 8’10) open plan sitting room/dining/kitchen area. Ceramic tiled floor and range of kitchen cupboards. Wall mounted boiler. Stainless steel sink unit. Bedroom 3.92m x 2.92m (12’10 x 9’6) door leading out into rear garden. En-suite with low level WC, wall mounted wash hand basin and shower cubicle. Rear garden used solely by room 6 laid to patio for low maintenance with flower borders. Kitchen with range of wall and base cupboards, rolled top work surfaces. Automatic washing machine. Electric cooker. Coin operated tumble dryer. Stainless steel sink unit. Fridge. Separate freezer.

First floor:-
Room 2 4.86m x 3.63m (15’11 x 11’11) plus en-suite shower room.
Room 3
Sitting room 3.97m x 3.12m (13’0 x 10’2) with stainless steel sink unit. Interconnecting door to:-
Bedroom 4.79m max x 2.75m (15’8 max x 9’0) with en-suite shower room.

Second floor:-
Room 4 4.61m x 3.75m (15’1 x 12’3) plus en-suite shower room.

From the kitchen is an enclosed communal courtyard area used by the tenants. To the rear is a rear garden laid to patio for low maintenance used solely by Room 6.

The freehold interest in the property is available at a guide price of £250,000 subject to the current assured shorthold tenancies within the building.

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