3 bedroom end of terrace house for sale

Conway Cottage is a substantial three storey end town house built circa 1889 that has been sympathetically converted into three apartments with an income of £46,281 based on the financial year 2023 - 2024, which offers a yield in excess of 9%. Currently one of the apartments is a successful holiday let with 80% occupancy and the other two are on Assured shorthold tenancy agreements. The freehold accommodation lends itself to converting all the apartments into holiday lets or serviced apartments which would see the rental potential increase significantly.

Apartment 1: The ground floor apartment currently has a tenant in situ and received a monthly rent of £775 PCM. The apartment is generous in size and comprises: Living room, bedroom, bathroom, kitchen dining area and private courtyard to the rear.

Apartment 2: The first floor apartment is currently utilised as a holiday let and in the last financial year 2023 - 2024 has achieved a Gross income of £29,481 with an occupancy rate of 85%, and further more an occupancy rate exceeding 75% since the business started in 2014. The apartment comprises; Living room, bedroom, kitchen and shower room.

Apartment 3: The top floor apartment currently has a tenant in situ and receives a monthly rent of £625 PCM. The apartment comprises: Entrance hall, living room, bedroom, kitchen, shower room and separate w/c.

For any further information please do not hesitate to contact the office. Viewing is strictly by appointment only.

Agent Note
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IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

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