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5 bed semi-detached house
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Our Summary
- Excellent investment opportunity
- Potential for further development
- The Property Guide Price £400,000 - £425,000 Development Opportunity – Three-Bedroom Semi-Detached House with HMO Licence and Additional Accommodation A rare opportunity to acquire a versatile investment property offering multiple income streams and significant development potential
- The first floor has been converted into a one-bedroom flat, while the other side of the building offers excellent potential for the creation of a further self-contained one-bedroom flat, subject to the necessary works and any required consents
- The detached building also benefits from a garage on either side, providing useful storage, parking or additional potential, subject to the relevant permissions
- The property currently generates an annual rental income of £34,680, with scope to further increase the income by completing the additional one-bedroom flat and making improvements to the main house
- This is an excellent opportunity for investors and developers seeking an income-producing asset with further value-add and development potential
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Description
The property is a three-bedroom semi-detached house with an existing HMO licence, benefiting from a well-proportioned layout. A self-contained one-bedroom ground floor flat is located at the rear of the property, offering additional independent accommodation. A detached building at the rear of the plot has been partially converted, with a one-bedroom flat on the first floor and potential for a further self-contained one-bedroom flat, subject to necessary works and required consents.
The detached building also features two garages, providing storage, parking, or additional potential, subject to relevant permissions.