wonderful opportunity to acquire a 5 bedroom end-terrace house situated in the
ever popular student rental area of Millstone Park. Constructed circa 2004 by
well known builders O'Kane & Devine Ltd, the property is in good order
throughout and offers both bright and spacious living accommodation. Theproperty itself is currently let to four
students and derives a rental income of £825.00 pcm (approx). Lemontree Lettings
Portstewart, have also secured four students for September 2022 to May 2023
deriving a rental income of £1150.00 pcm (approx). Similarproperties to this in the area benefit
from summer rentals deriving a summer income of £600.00 (approx) per week
throughout July and August. This is an excellent investment opportunity and a
fantastic income generator for those wishing to purchase in this beautiful part
of the North Coast.
note this property can also be sold without tenants if the purchaser is an owner
occupier or holiday home buyer.
Oil Fired Central Heating
PVC Double Glazed Windows
Currently Let to 4 Students Deriving Excellent Rental Income
Private Parking to Front
Popular Rental Area
With tiled floor.
With w.c. and wash hand basin.
LOUNGE: 15' 7" X 12' 0" (4.75m X 3.66m)
With inset fireplace, wood surround and tiled hearth and laminate wood floor. .
KITCHEN / DINING ROOM: 18' 9" X 11' 0" (5.72m X 3.35m)
With single drainer stainless steel sink unit, high and low level built in units with tiling between, integrated oven, hob and extractor fan above, integrated fridge freezer, plumbed for automatic washing machine, larder cupboard, drawer bank, tiled floor and patio doors leading to rear garden.
CONSERVATORY: 10' 6" X 8' 10" (3.20m X 2.69m)
With tiled floor and patio doors leading to rear garden.
With hot press, immersion heater and storage cupboard.
BEDROOM (1): 12' 2" X 12' 0" (3.71m X 3.66m)
With patio doors leading to Juliet balcony
ENSUITE SHOWER ROOM:
With w.c., wash hand basin, fully tiled walk in shower cubicle and tiled floor.
BEDROOM (2): 10' 8" X 9' 0" (3.25m X 2.74m)
With white suite comprising w.c., wash hand basin with tiled splashback, bath with tiled surround, fully tiled walk in shower cubicle, shaver point, extractor fan and tiled floor.
BEDROOM (3): 8' 7" X 9' 10" (2.62m X 3.00m)
BEDROOM (4): 13' 1" X 7' 2" (3.99m X 2.18m)
With 'Velux' window.
BEDROOM (5): 9' 10" X 5' 7" (3.00m X 1.70m)
With Velux window.
Outside to rear there is a fenced in lawn and paved patio area extending to the side of the property. Enclosed oil tank area. Outside to front there is a paved parking area.
Please note that all purchasers will become Shareholders in a Management Company formed to maintain communal areas. Details of the annual Service Charge and full management services are available on request. Current Service Charge is £200.00 per annum. 14.01.22
Please be aware that the new vendor(s) will be responsible for the letting agents fee from the day of completion to the end of the current lease. The current letting agent is Lemontree Lettings, Portstewart.
* Click boxes to display surrounding locations
Approaching Portstewart on the Coleraine Road turn right after Tesco onto the Agherton Road. Take your third left onto Lissadell Avenue and then your nineth left into Millstone Avenue. Take your second right into Millstone Park and No 16 will be situated on your left hand side just before the green.
Disclaimer: The following calculations act as a guide only, and are based on a typical repayment mortgage model. Financial decisions should not be made based on these calculations and accuracy is not guaranteed. Always seek professional advice before making any financial decisions.
Armstrong Gordon are delighted to have access to a number of top local independent Rics Surveyors and can arrange for a quote for any level of survey as per the Rics levels below.
Helping you choose the right survey
Why do you need an RICS Home Survey? Because forewarned is forearmed. Choosing the right survey will help highlight any serious problems and advise you of the specific risks before you commit to the process of buying or selling a property.
RICS has three different levels of survey (outlined overleaf). These can only be conducted by an RICS qualified surveyor.
Reliable and cost effective, these reports carry the full weight of the Royal Institution of Chartered Surveyors – the industry’s most respected authority on surveying. Buying a home
It’s important to remember that your mortgage lender’s valuation report is not a survey. It merely tells your lender whether or not the property is reasonable security for your loan. An RICS survey will tell you the actual condition of the property. That’s vital information that can be invaluable during price negotiations, and will also help you avoid expensive surprises after you’ve moved in. There is an option for an RICS HomeBuyer Report (Survey level 2) which also includes a valuation as a standard part of the service for your own purposes.
Selling a home
An RICS survey can be an aid to selling your home. It will show you any problems that may delay your sale or cause price reductions later in the process.
Staying at home
A survey of the current condition of your home will warn you of defects and help you avoid escalating repair and maintenance costs in the future.