Residential development for sale
Property description & features
- Tenure: Freehold
- Freehold Of Whole Building
- Including 1 Bed Ground Floor Flat
- 2 Bed Maisonette
- With Gas Central Heating
- Benefiting From PVCu Double Glazing
- Both With Outside Areas
- Rental value of £16,800 per annum
- Yield: 6.72% on the asking price
A unique investment opportunity presents itself with this freehold building, which includes two separate flats - a ground floor 1-bedroom flat and a first floor 2-bedroom maisonette. With slight modernisation, these flats have strong rental potential and offer an impressive yield.
Property Details:
Flat 74 (Ground Floor 1-Bedroom Flat):
Entrance: Accessed from Bolton Street via a few steps.
Layout: The entrance hallway leads to a living room at the front, with the bedroom and an en-suite shower room located behind. The separate kitchen is situated at the rear and opens directly into a private courtyard garden.
Features: Gas central heating, PVCu double glazing.
Rental Potential: Estimated at £550 pcm.
Council Tax Band A
EPC Band C
Flat 74A (First Floor 2-Bedroom Maisonette):
Entrance: Accessed from the rear of the building off Kiln Path, with on-street parking nearby. A few steps lead down to a roof garden and the entrance.
Layout: The upper level features two bedrooms. A staircase from the landing leads down to a spacious living area that accommodates both living and dining room furniture. The kitchen and family bathroom are located just behind.
Features: Good-sized roof garden.
Rental Potential: Estimated at £850 pcm.
Council Tax Band B
EPC Band D
Investment Summary:
Potential Yearly Rental Income: £16,800 per annum.
Yield: 6.72% on the asking price.
This property is an excellent investment, particularly for those looking to enter the rental market or expand their portfolio. Both flats, with minor updates, are poised to attract high rental demand. Don’t miss out on this opportunity to secure a valuable freehold asset.
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