*REDUCED**REDUCED**REDUCED*

Private Investment Property. "Private Sale"

Now only £145,000 Freehold. (was £175,000)

Three Flats and Gardens.

Update to this advert

This is now an exceptional purchase and a very genuine offer. The house will be sold to the first person who exchanges at £145,000 instead of the previous advertised price of £175,000. We have realised that the house does need some work (well it is about 250 yrs old!!!), is listed as grade 2 and a mortgage complany would probably only lend up to 60% or 70%.

Background :

We own a very substantial lovely old "oak beamed" property in a very attractive village of Holybourne near Alton in the countryside of Hampshire England. The property was originally two houses , back to back, but is currently divided into three flats, each of which is quite substantial. Two of the flats are vacant (we live in one of them) and if rented out would generate an income of £475 and £575 per month. The third flat is occupied by an elderly couple who are sitting tenants and pay £140 per month.

The property as it stands can generate £1190 per month from the three existing flats. The property is large enough however to be converted into five, 2 bedroom flats, each of which would generate approx. £500 per month. This would give a monthly income of £2500.

Converting the property for use as a retirement home for the elderly would also be an excellent project in this village location. We think this would be an excellent purchase for someone overseas and we wanted to experiment by trying to sell this house over the Internet.

The pictures below show the front of our house and the main road of our village. Click to see larger picture.

Some of the plans, dimensions and details.

The size of the plot is 55ft by 110ft with the front of the building set back about 10ft from the pavement. I have produced a set of sketches that give a more detailed layout of the property. The following are available:

• An outline plan and elevation of the whole property and land. (33k jpeg file)
• Floor plan of Flat 1 (Ground floor & Basement at front of building. (25k jpeg file)
• Floor plan of Flat 2 (First floor and Second floor at front of building. (16k jpeg file)
• Floor plan of Flat 3 (ground floor & first floor at rear of building. (7k jpeg file)

If you are interested or know someone who might be than please get in touch. You can Phone us on +44 1420 543211, write to us Denis & Maddy at 125, London Road, Holybourne, Alton, Hampshire, England. GU34 4EW, or contact us by email using: denis@worksys.co.uk

I need to qualify this information that it is true to the best of our knowledge but cannot be used as a contractual statement. All measurements are approximate.