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5 bed terraced house
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Our Summary
- AN EXCEPTIONAL INVESTMENT OPPORTUNITY
- This property represents a superb investment with immediate income & potential for growth
- Located in the heart of town, just a short stroll from all amenities, this charming stone-fronted Grade II listed property offers an exceptional investment opportunity
- This cottage, which boasts a private courtyard, is currently vacant and offers an excellent opportunity for refurbishment to further increase its rental value
- However, there is significant potential to increase this figure in line with current market rates, particularly after modernising the vacant cottage
- Realistically priced to attract an early sale, this property represents a superb investment with immediate income and potential for growth
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Description
This charming Grade II listed property in the heart of Bideford offers a unique investment opportunity, comprising three self-contained flats and a separate two-bedroom cottage. The property has been expertly converted and is accessed via a communal hallway with a spiral staircase. Each flat has a distinct character, with the top-floor flat benefiting from additional roof lights and partial river views.
The property has a proven track record of successful letting, generating an annual rental income of approximately £22,500. However, there is significant potential to increase this figure by modernizing the vacant cottage. With its desirable location, peaceful atmosphere, and range of amenities nearby, this property represents a superb investment opportunity with immediate income and potential for growth.