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5, Stopford Road, St. Helier, Jersey

£ 995,000
5 Stopford Road, ,
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Property Id: RES228

Overview

  • Updated On:
  • March 1, 2024
  • 4 Bedrooms
  • 4 Bathrooms
  • 4 Receptions
  • 0 Spaces

Description

INVESTMENT ONLY – Reside are pleased to offer a fantastic block of 4 units all currently with tenants in situ achieving a yield of 5.55% and at an attractive discount on the per unit value .

The building was refurbished in 2022 and comprises of 3 one bedroom apartments achieving circa £1250 each and one studio apartment achieving a monthly rental of £900.

Apartment 1: Newly refurbished studio apartment located on the first floor.
Apartment 2: Newly refurbished one bedroom apartment with separate kitchen, located on the first floor.
Apartment 3: Newly refurbished one bedroom apartment with open plan living.
Apartment 4: Spacious basement flat with a large separate kitchen.

The assessed value of these apartments on a break up basis is approximately £310K per one bed and £180K for the studio apartment. Therefore £1,110,000 has been discounted to £995,000 for an investor to acquire the full block and so to help with purchase costs and to ensure the yield is 5.5%.

Externally, there is a garden to the rear and store cupboard for each of the one bedroom flats.

SOLE AGENT RES228

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Matthew Glazebrook
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