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11 bed property
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Price History
Our Summary
- Potential to extend or develop a mews house at the rear (subject to planning)
- Potential to increase rents
- Additionally, there exists promising development potential, allowing for the extension of the main building or construction of a mews house in the garden (subject to planning permission)
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Description
This investment property comprises 11 fully occupied flats, generating a net income of £93,200.03 per year. The flats are located in a highly desirable central area and are currently rented out, with tenants paying all bills except water. The property has promising development potential, allowing for the extension of the main building or construction of a mews house in the garden, subject to planning permission.
With a total gross income of £98,400 and total outgoings of £2,890.14 for council tax and £2,309.83 for water, this property presents an excellent opportunity for investors looking to generate a steady income.