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1 bedroom semi-detached house for sale
High Street, Ongar, CM5
£500,000
High Street, Ongar, CM5
£500,000
Our Summary
- This Grade II listed property offers an excellent investment opportunity with an immediate income and attractive annual yield
- Additionally, the ground floor includes multiple rooms at the rear, which may offer the potential to develop a one-bedroom apartment
Description
Next Home Ltd is thrilled to introduce this distinctive Grade II listed property in the bustling town of Ongar, Essex. This multi-use building presents a lucrative investment opportunity with a current commercial tenancy and the potential to create a separate residential unit, offering an attractive annual yield. The ground floor is let as a successful beauty salon on a 4-year lease, ensuring a consistent rental income. Additionally, there is the potential to convert the rear rooms into a self-contained one-bedroom flat, subject to the necessary planning permissions.
Above the commercial space lies a charming two-bedroom duplex apartment, accessible via its own entrance. The ground floor of the apartment features a fully equipped kitchen and a shower room, while the first floor boasts a spacious living room, two well-proportioned bedrooms, and a family bathroom. The property also benefits from a private courtyard at the rear, offering a peaceful outdoor space.
This property is an ideal investment for those seeking both immediate income and the potential for capital growth. The commercial tenancy provides a secure income, while the duplex apartment adds to the property's appeal and versatility. Prospective buyers are encouraged to view this unique property to fully appreciate its potential and the benefits it offers. Please contact Next Home Ltd to arrange a viewing or for further details.