Summary - 20 WELLESLEY ROAD GREAT YARMOUTH NR30 2AR
5 bed 5 bath Flat
Turnkey, fully let block with immediate rental income for buy-to-let investors.
Freehold block of five self-contained one-bedroom flats
A freehold block of five self-contained one-bedroom flats on Wellesley Road, offered fully let and producing £38,000 per annum. The building retains Victorian character externally while the apartments are presented to a modern, ready-to-rent standard, making this a turnkey buy-to-let investment.
The account shows strong immediate income and a high gross yield (around 12% at the stated price), suitable for investors seeking steady cash flow. Flats are in situ with basic modern kitchens and shower rooms, double glazing to many rooms, and low ongoing tenant turnover potential.
Buyers should note material location considerations: the area is classified as very deprived with a very high crime rate. Heating is by electric room heaters and the property runs on electricity; prospective purchasers should budget for energy-management upgrades if aiming to improve EPC or tenant costs.
This is a hands-off income asset for investors who accept the local market dynamics. All services and appliances are untested — a full survey and tenancy audit are recommended prior to exchange to verify condition, compliance and rental documentation.
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