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Treruffe Hill, Redruth
£196,500

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Investor opportunity at Treruffe Hill, Redruth

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  • HMO investment with an 8.25% annual gross yield
  • Monthly rental income £1,355 (includes all bills) and an annual gross income of £16,260
  • Chain-free proposal to rental investors looking for a concern with a successful present and past
  • Council Tax Band A
  • Mains gas, electricity, drainage and metered water supply
  • Stamp Duty to pay based on the asking price - First time buyer £0. Single purchase £1,430 . Additional purchase £7,325

After twelve successful years, our Vendor offers for sale their former coach house as an on-going concern, and like-minded investors are invited to entertain this proposition and take advantage of an immediate return on their investment, with four working tenants that generate an 8.25% annual gross yield; paying £1,355 per calendar month/£16,260 per annum.
Currently, the accommodation is set out with three first-floor bedrooms off a 21' long landing and one ground-floor bedroom off a 9' long second hall. All tenants share the use of a three-piece bathroom suite and kitchen/diner, and all rooms are kept warm via a mains-fed gas combination boiler that was fitted two years ago, and insulated and sound-proofed with double-glazed casements. Outside, maintenance can be kept to a minimum with a hard-standing area for parking.
The Coach House is a residential conversion from its original and obvious purpose. From the kerbside, the attractive stone front is complemented with exposed granite quoins and Georgian-style windows that enhance its character detail. Located in a conservation area at the end of Sunnyside, off Treruffe Hill the property is convenient for walk-able access into Redruth town centre, with its choice of independent and branded shops, cinema and bus routes and a railway station on Penzance to London Paddington line.


Rooms

Entrance Hall

5' 3'' x 3' 3'' (1.60m x 0.99m)

Central position on the ground floor with a staircase up to the first-floor landing.

Hallway

9' 4'' x 4' 9'' (2.84m x 1.45m)

A second communal area with a front-facing casement, door into the ground floor bedrooms and a door into the kitchen/diner.

Kitchen/Diner

13' 4'' x 9' 1'' (4.06m x 2.77m)

Light-coloured units and matched with neutral coloured wall and floor tiles and contrasting counter-tops. Canopy extractor hood with a four-ring electric hob and oven below, spaces for a washing machine, fridge/freezer and table and chairs. enclosed gas combination boiler.

Ground Floor Bedroom

18' 5'' x 9' 6'' (5.61m x 2.89m)

First Floor Landing

21' 5'' x 3' 5'' (6.52m x 1.04m)

A long passage with access into all first-floor accommodation.

First-floor Bedroom

9' 7'' x 5' 0'' (2.92m x 1.52m)

First-floor Bedroom

9' 8'' x 9' 7'' (2.94m x 2.92m)

First-floor Bedroom

9' 9'' x 7' 2'' (2.97m x 2.18m)

Bathroom

6' 7'' x 5' 7'' (2.01m x 1.70m)

A three-piece white suite surrounded by wall and floor tiles, a vanity mirror and extractor fan. Panel enclosed shower bath with a mixer tap and separate wall-fitted shower and splash-guard, wall-hung hand-wash basin and a WC with a low level cistern.

Outside

Lane access from the public highway with parking for one vehicle. AGENT NOTE: The residents of the flats nearby enjoy the benefit of a right of way for pedestrian access and parking.


Location

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Treruffe Hill
Redruth TR15 2PZ
County: Cornwall
Sale Type: For Sale
Ref #: 00000493
Sarah Domé
GS Cornwall Holdings Ltd
P: 01209 311 260
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