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Detached house for sale
Bran End, Stebbing, Dunmow, CM6
£975,000
Bran End, Stebbing, Dunmow, CM6
£975,000
Our Summary
- THIS WOULD OBVIOUSLY BE SUBJECT TO AND REQUIRE THE USUAL PLANNING APPLICATION, PERMISSIONS AND CONSENTS
Description
Located on the outskirts of the village of Stebbing, this stunning Grade 2 Listed former Mill has been converted into 4 apartments, each with its own unique features. The property boasts a 4-car garage block, ample additional parking, and large gardens with stunning countryside views. The apartments are currently tenanted, with Apartment 1 renting for £1,200 PCM, Apartment 2 for £1,000 PCM, Apartment 3 for £800 PCM, and Apartment 4 for £900 PCM, resulting in a total monthly income of £3,900. The property is currently being marketed as a freehold going concern, but could also be made available as vacant possession if a buyer is interested in converting it back into a single dwelling, subject to obtaining the necessary planning permissions. With a total annual income of £46,800 and a circa 5% yield, this property presents an attractive investment opportunity.