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House for sale
Flats 1-4, 1 Back Fold, Ripponden, Sowerby Bridge, West Yorkshire, HX6
£425,000
Flats 1-4, 1 Back Fold, Ripponden, Sowerby Bridge, West Yorkshire, HX6
£425,000
Our Summary
- 34% Based on Asking Price Considered Scope for Rental Growth Enquire for Further InformationThe property comprises four flats located across the first and second floors of a larger three-storey mixed-use block
Description
This property is a four-flat freehold investment opportunity located in the heart of Ripponden village centre, a popular and affluent area. The flats are situated across the first and second floors of a larger mixed-use block and feature modern fixtures and fittings, clean neutral décor, and some retained character features on the second floor. The property is currently producing a gross yield of 7.34% per annum, with a combined income of £31,200. The flats are let at £600-£700 per month, and there is considered to be scope for rental growth. The property has been assessed with EPC ratings of B, C, and D, and the freehold interest is being sold with the price exclusive of VAT. The property is located close to the M62 motorway and benefits from a range of local amenities, including quaint retailers, restaurants, and pubs.