£329,950 Wellesley Terrace, Arthurs Hill

Wellesley Terrace, Arthurs Hill

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Property description

Key features

  • Five unit prime investment opportunity in Arthurs Hill -City WEST location
  • All units currently rented out to high quality tenants
  • £22,740 pa rent - 6.5% yield
  • This block is always in demand with high consistently high occupancy rates
  • Next to the Science Central regeneration zone
  • Four 1 bedroom flats and a large 2 bedroom apartment on the top floor.
  • Perfect for student or professional market due to location
  • 0.8m to the City Centre with superb bus links down Westgate Rd
  • Close to local shops and facilities
  • Expertly managed by Easiliving for last 5 years

A RARE OPPORTUNITY to INVEST in a block of 5 apartments. Next to the former GENERAL HOSPITAL site which will be incorporated into the SCIENCE CENTRAL regeneration zone. With all flats CURRENTLY rented this property offers a potential YIELD 6.5%. THREE floors – FOUR 1 beds and ONE 2 bed. 0.8m to the CITY with superb bus links.

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Brand new to the market this property represents a rare opportunity to invest in a block of 5 apartments. All currently rented out this property offers a potential yield of 6.2%. This block is always in demand with high consistently high occupancy rates and all units are currently rented out to high quality tenants.

The property is always one of the most popular addresses in Arthurs Hill and the location makes it ideal for both students and professionals. This impressive double fronted Victorian building is spread across three floors and is currently split in to 5 apartments, each has been well maintained by the current landlord. The are four 1 bedroom flats and a large 2 bedroom apartment across the whole top floor.
Viewing is essential to appreciate the size and location of the property.


Tenancy Info & Disclaimer EPC

Tenancy Info & Disclaimer

A landlord or agent cannot require you (or anyone acting on your behalf or guaranteeing your rent) to make certain payments in connection with a tenancy in England. They cannot require you to enter a contract with a third party for the provision of a service, for insurance or to make a loan in connection with a tenancy. The only payments in connection with a tenancy that you can be asked to make are called Permitted Payments.

Easiliving’s permitted payments are set out below:

The rent
A refundable tenancy deposit of one months rent which will be protected by The DPS or MyDeposits.
A refundable holding deposit to reserve a property of one weeks rent.
Payments to change the tenancy when requested by tenant, £50 per tenant change or reasonable costs if higher.
Payments associated with early termination of the tenancy, when requested by the tenant.
Payments in respect of utilities, communication services, TV licence and council tax.
Default fee on late payment of rent.
Replacement of a lost key/security device giving access to the housing, where required under a tenancy agreement.

Check you qualify for this property before booking your viewing:
You must declare any bad credit, CCJ’S, IVA or bankruptcy orders.
Tenant/guarantor must earn 3 x annual rent.
If you withhold any information which could lead you to fail our credit checks, and subsequently pay a holding deposit on a property, Easiliving can under the Tenant Fees Act withhold your deposit and advertise the property.
To secure an Easiliving property you will need to pay a holding deposit equivalent to one weeks rent.
If you do not sign a tenancy agreement within 14 days of payment we can withhold your holding deposit and remarket the property.

During the tenancy (payable to the provider) if permitted and applicable Utilities – gas, electric, water Council Tax Communication – telephone and broadband Installation of cable, satellite Subscription to cable/satellite Television Licence Council Tax

Our Client Money Protection is with CMP (www.clientmoneyprotect.co.uk) a government approved scheme. Our policy number is CMP005400, the certificate is displayed in our office and on our website easilivinguk.co.uk Please see the guidance for tenants and landlords on the scheme website if you have any concerns regarding our handling of client money. You can follow the steps listed to make a claim.

Easiliving have chosen to be a part of The Property Ombudsman scheme. Our membership number is D566. (www.tpos.co.uk)

Please note that lettings agents are required by law to publish on their websites information for potential tenants about relevant fees, redress schemes and client money protection schemes (including the names of those schemes).  Relevant fees must also be published on third party websites.  For properties to rent in England, details of the agent’s membership of any redress scheme and client money protection scheme must also be published with their fees on third party websites.  It is the agent’s responsibility to ensure that all relevant information is provided to third party websites and is up to date and accurate. If the relevant information does not appear here, the agent may have included it within the property description.

In accordance with the Property Misdescriptions ACT (1991) we have prepared these sales particulars as a general guide to give a broad description of the property. We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only. Please be advised that some of the particulars may be awaiting vendor approval and are not precise. Fixtures and fittings other than those mentioned are to be agreed with the seller. Tenure and boundary information are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.

Admin Fees May Apply:

  1. Professional – 60% of monthly rental figure.
  2. Student – £150 per person.
  3. Deposit of 1 months rent.
  4. (VAT included)


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