An impressive & much improved Grade II listed property currently arranged as a House in Multiple Occupation (HMO) providing three double bedrooms, a studio flat and a two bedroom apartment. Potential yield of 8.75% .
St Marys Square Newmarket - £450,000 (Freehold)
4 1 2
4 bed End of Terrace St Marys Square Newmarket 4 1 2 £450,000
An impressive & much improved Grade II listed property currently arranged as a House in Multiple Occupation (HMO) providing three double bedrooms, a studio flat and a two bedroom apartment. Potential yield of 8.75% .
Newmarket renowned as the British Headquarters of horse racing offers an interesting and varied range of local shops and amenities. These include the National Horse Racing Museum, a twice weekly open air market, hotels, restaurants and modern leisure facilities. There is a regular railway service to Londonâs Kings Cross and Liverpool Street stations via Cambridge. An excellent road network links the regionâs principal centres, including the University City of Cambridge and the historic market town of Bury St Edmunds, both approximately 13 miles from Newmarket.
The house is approached via a communal entrance hall with a large refitted communal kitchen/dining room and a large Double bedroom opposite. On the first floor there are two further double bedrooms, one en suite and a communal shower room.
The second floor is occupied by a studio apartment with a separate kitchen/breakfast room and its own bathroom.
The basement level provides a self contained two bedroom apartment with sitting room, kitchen and shower room. This apartment is heated via its own gas fired boiler and has a separate electricity supply.
The accommodation on the ground, 1st and 2nd floors all share a communal heating and water system and electricity supply.
The property is currently designated as a House in Multiple Occupation (HMO). It is understood that a new owner will need to apply for their own licence on completion. Prospective buyers are urged to make their own enquiries with the housing office at West Suffolk Council.
In detail the accommodation includes:-
Ground Floor
Communal Entrance Hall
Entrance door, radiator, staircase to the fist floor, under stair cupboard.
Communal Kitchen/Dining Room 5.64m (18'6") x 2.87m (9'5")
Fitted with a matching range of base and eye level units with worktop space over, stainless steel sink with single drainer and mixer tap, plumbing for washing machine, space for fridge and freezer, fitted electric oven, four ring ceramic hob with extractor hood over, window to the front and rear, double radiator.
Bedroom 1 5.64m (18'6") x 4.34m (14'3") max
With three windows to the front, built in wardrobe, two radiators.
Potential Rental income of £600 pcm
First Floor
Landing
With two windows to the front, radiator, staircase to the studio apartment.
Bedroom 2 5.07m (16'7") max x 3.59m (11'9")
With two windows to front, built in wardrobe, radiator.
Potential Rental income of £600 pcm inclusive
Communal Shower Room
With a shower enclosure, pedestal handbasin, low level wc, window, radiator.
Bedroom 3 4.18m (13'9") x 3.19m (10'6")
With a window to the rear, radiator, built in wardrobe, cupboard with a hot water tank.
Potential Rental income of £630 pcm inclusive
En-suite Shower Room
Fitted with three piece suite comprising shower enclosure, pedestal wash hand basin, low-level WC and extractor fan, window to the front, radiator.
Second Floor Studio Apartment
Potential Rental income of £725 pcm inclusive
Landing
With a window to the front, door to:
Entrance Hall
Kitchen/Breakfast Room 4.45m (14'7") max x 1.89m (6'2")
Fitted with a range of with worktop space over base units, stainless steel sink, plumbing for washing machine, space for fridge/freezer, fitted electric oven, four ring ceramic hob, window to the rear, radiator.
Bathroom
Fitted with three piece suite comprising of a bath with shower attachment over, pedestal wash hand basin and low-level WC, tiled surround, extractor fan, window to the front, radiator.
Bed/Sitting Room 4.73m (15'6") x 3.71m (12'2")
With two windows, radiator, built in wardrobe.
Basement Two Bed Apartment
Potential Rental income of £800 pcm exclusive of bills
Sitting/Dining Room 6.31m (20'8") x 2.26m (7'5") Plus recess of 1.43m
With a window to front, radiator, entrance door and wood laminate flooring.
Kitchen 2.98m (9'9") x 2.27m (7'6") max
Fitted with a range of base and eye level units with worktop space over, stainless steel sink with single drainer and mixer tap, plumbing for a washing machine, space for fridge/freezer, fitted electric oven, four ring ceramic hob with extractor hood over, window to the rear, tiled flooring, door to:
Shower Room
Comprising of a shower area, pedestal wash hand basin, low-level WC, extractor fan, window to the side, heated towel rail.
Bedroom 1 2.67m (8'9") x 2.39m (7'10")
Window to the rear, built in cupboard, wood laminate floor.
Bedroom 2 3.12m (10'3") x 2.53m (8'4")
Window to the front and side, radiator, wood laminate floor.
Outside
Courtyard area to the front with steps to the front door and steps down to the basement flat.
Tenure
The property is freehold.
Services
Mains water, gas, drainage and electricity are connected.
Council Tax Band: D for the main house and A for the basement flat. Forest Heath District Council.
Viewing: Strictly by prior arrangement with Pocock & Shaw. PBS
Fees applying to all new tenancies from 1st June 2019
We may charge a tenant any or all of the following when required:
the rent;
a security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year;
a holding deposit of no more than one weeks’ rent;
default fee for late payment of rent (after 14 days);
reasonable charges for lost keys or security fobs;
payments associated with contract variation, at £50 or reasonable costs incurred if higher, when requested by the tenant;
payments associated with early termination of the tenancy, when requested by the tenant; and
payments in respect of bills - utilities, communication services, TV licence, council tax and green deal or other energy efficiency charges.
Fees applying to all pre-existing tenancies entered before 1st June 2019
We shall continue to apply the charges within the existing tenancy agreement until 31st May 2020.
Pocock & Shaw Newmarket Office - Fees charged to tenants
Single person - £200.00 plus a £100 Holding Payment
Company - £270.00 plus a £100 Holding Payment
Couple or 2 sharers - £270.00 plus a £100 Holding Payment
3 Sharers - £340.00 plus a £100 Holding Payment
Guarantor - £70.00 (charged in addition to the above fees)
Tenancy Renewal Fee: £80.00
New Agreement Fee: £80.00
Change of Tenant Fee: In shared households where 1 or more tenants wish to leave the property mid-tenancy and therefore find a replacement, the following charges will be made (subject to landlord approval and references Pocock & Shaw's administration fee £200 to reference new applicant and to supply a new tenancy agreement.
UK Debit & Credit Card payments are accepted for application fee payments. They are also accepted for rent and deposit payments subject to an additional 50pence charge for debit cards and a 2.5% fee for credit cards.
After payment of fees, holding payment and return of application forms the property will be removed from the market and referencing will commence. Should you decide not to proceed with the tenancy for any reason, these fees and holding payment will not be refunded. If the landlord decides not to let the property for any reason other than non-receipt of satisfactory references all fees and holding payment paid by the tenant will be refunded. The holding payment on commencement of the tenancy will be set towards the main property deposit. Contracts are either for 6 or 12 months in duration, some landlords will only accept a 12 month tenancy. Please check first before viewing.
All applications and negotiations are subject to contract, successful referencing and landlord approval.
Waterwitch House Properties:
All applications for Waterwitch House are subject to a 12 Month tenancy agreement. There is also a £120 inc VAT renewal fee, payable for a new 12 month term.
Fees applying to all new tenancies from 1st June 2019
We may charge a tenant any or all of the following when required:
the rent;
a security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year;
a holding deposit of no more than one weeks’ rent;
default fee for late payment of rent (after 14 days);
reasonable charges for lost keys or security fobs;
payments associated with contract variation, at £50 or reasonable costs incurred if higher, when requested by the tenant;
payments associated with early termination of the tenancy, when requested by the tenant; and
payments in respect of bills - utilities, communication services, TV licence, council tax and green deal or other energy efficiency charges.
Fees applying to all pre-existing tenancies entered before 1st June 2019
We shall continue to apply the charges within the existing tenancy agreement until 31st May 2020.
Pocock & Shaw Ely Office - Fees charged to tenants
After viewing the property each applicant must complete an Application Form. This applies to each individual over the age of 18 who will be registered as a Tenant/Joint Tenant on the Assured Shorthold Tenancy Agreement or Company Let Agreement.
Completing the Application Form does not necessarily guarantee that the Applicant will get the Tenancy. Please complete the application form and return it to the office together with the following fees (please note the total referencing and legal fees are non-refundable):
Referencing & Legal Fee(s) for Assured Shorthold Tenancies:
For one applicant is £200.00 inclusive of VAT
Each applicant thereafter £70.00 inclusive of VAT
Each guarantor will be charged at £70.00 inc VAT
Referencing and Legal Fee for a Company Let is £300.00 inc VAT
Deposits:
For an Unfurnished Property the Deposit is equivalent to one and a half months rent.
For a Furnished Property the Deposit is equivalent to two months’ rent.
After satisfactory references have taken place, we will ask for a non-refundable partial payment of the deposit equivalent to half a month’s rent. Also note that an additional Deposit may be requested if a pet is allowed on the premises subject to the Landlord’s agreement.
Tenancy Agreement Renewals:
When a tenant moves out of a shared property and a renewal tenancy agreement is drawn up, the new tenant is to be referenced at a cost of £70.00 plus a fee of £75.00
Tenancy Agreement Extensions:
No fee is payable for either a fixed or periodic extension, unless a new agreement needs to be prepared. If this is the case the fee payable is £80.00 inclusive of VAT.
End of Tenancy Fees:
The Tenant will be charged a check out fee which will be deducted from the Deposit. A scale of charges is available, please request a copy.
Fees applying to all new tenancies from 1st June 2019
We may charge a tenant any or all of the following when required:
the rent;
a security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year;
a holding deposit of no more than one weeks’ rent;
default fee for late payment of rent (after 14 days);
reasonable charges for lost keys or security fobs;
payments associated with contract variation, at £50 or reasonable costs incurred if higher, when requested by the tenant;
payments associated with early termination of the tenancy, when requested by the tenant; and
payments in respect of bills - utilities, communication services, TV licence, council tax and green deal or other energy efficiency charges.
Fees applying to all pre-existing tenancies entered before 1st June 2019
We shall continue to apply the charges within the existing tenancy agreement until 31st May 2020.
Pocock & Shaw Cambridge Office - Fees charged to tenants
After viewing the property each applicant must complete an Application Form. This applies to each individual over the age of 18 who will be registered as a Tenant/Joint Tenant on the Assured Shorthold Tenancy Agreement or Company Let Agreement.
All charges shown include VAT at the prevailing rate unless otherwise stated.
Application Fees for a new tenancy:
A £100 holding deposit is payable along with the following application fee:
Single Person - £200 .
Couple or 2 sharers - £270.
Each addition adult applicant thereafter - £70.
Each guarantor will be charged £70.
Company let - £270 using our contract. If your company requires a different form of contact there may be an addition charge.
After payment of fees, holding payment and return of application forms the property will be removed from the market and referencing will commence. Should you decide not to proceed with the tenancy for any reason, these fees and holding payment will not be refunded. If the landlord decides not to let the property for any reason other than non-receipt of satisfactory references all fees and holding payment paid by the tenant will be refunded. The holding payment on commencement of the tenancy will be set towards the main property deposit (see below). All applications and negotiations are subject to contract, successful referencing and landlord approval.
Deposit held during the tenancy:
The deposit is equivalent to one and a half months rent.
Change of Tenant Fee:
In shared households where one or more tenants wish to leave the property mid-tenancy and therefore find a replacement, the following charges will be made (subject to landlord approval and references): £200 to reference new applicant and to supply a new tenancy agreement.
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