Our Summary

• This centrally-located property in Ramsey presents an excellent investment opportunity with strong growth potential
• Currently arranged as four apartments, with scope to create a fifth unit with its own private access, it has already undergone recent improvement works both internally and externally, with a detailed scheme of works available for review
• With modernisation and the potential addition of a fifth unit, the property offers the potential to achieve a significantly higher yield of around £48,000 per annum
• The apartments are currently let or available as follows: Flat 1 is a vacant two-bedroom duplex requiring improvement works, with potential to convert into two separate flats; Flat 2 is a one-bedroom unit let at £600 per month; Flat 3 is a one-bedroom unit let at £425 per month; and Flat 4 is a one-bedroom unit let at £500 per month
• With refurbishment of Flat 1 and the creation of a fifth unit, the property could achieve a projected rental income of around £48,000 per annum, representing a significant uplift in yield and a compelling return on investment
• Its flexibility and potential for enhancement make it suitable for a range of investment strategies, including refurbishment, value-add development, or long-term portfolio growth
• Flat 1 - Vacant 2-bed duplex flat that requires improvement works
• Potential to convert to two flats
• Four apartments with potential to create a fifth apartment with private access
• Investment opportunity with growth potential
• Property would benefit from internal modernisation