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4 bed property, in Apartments 1-4, £345,000
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4 bed flat

Apartments 1-4, Thorpe Road, Melton Mowbray
£345,000

Our Summary

  • Great investment opportunity
  • Freehold investment opportunity

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Description

The property is a detached, freehold building containing 4 self-contained 1-bedroom apartments. Each apartment consists of a kitchen, living room, bedroom, and bathroom and includes its own central heating system. The apartments are currently let unfurnished to tenants on assured shorthold tenancy agreements, with rents ranging from £535 to £550 per month.

The total annual rent achieved is £25,920, offering a 7.5% return per annum. The property is situated in a prime location within walking distance to the town centre and benefits from mains electricity, gas, water, and drainage, as well as Council Tax band A for each apartment.