4 bed property

Our Summary

• Auction Commencing on Monday 09th March at 1pm and ending 24 hours later on Tuesday 10th March at 1pm with Auction House Notts and Derby Please register to bid via our website - auctionhouse
• uk/nottsandderby Grinford House, SK17 6LP – Freehold Block of 4 Self-Contained One-Bedroom Flats Total Current Income: £29,700 per annum | Fully Let | Recently Refurbished A rare opportunity to acquire a freehold block of four self-contained one-bedroom flats, converted from a substantial former residence and offering immediate income with future value-add potential
• The property was originally purchased in 2016 as a large eight-bedroom house and subsequently converted back to bricks into four individual one-bedroom flats, each completed with full planning consent and Building Regulations sign-off
• Current Rent Roll: Flat 1 – £580 pcm Flat 2 – £600 pcm Flat 3 – £625 pcm Flat 4 – £600 pcm Total Gross Income: £2,475 pcm / £29,700 per annum The property is held on a single freehold title, offering scope for an incoming purchaser to create four individual leasehold titles (subject to consents), providing an opportunity to enhance capital value and refinance
• Key Investment Highlights: Freehold block of 4 flats Fully let to professional tenants Converted with planning and Building Regulations approval Recently refurbished Combined income £29,700 per annum Scope for title splitting and increased GDV Strong rental demand location An ideal acquisition for investors seeking a secure income-producing asset with future upside