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3 bed terraced house
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Our Summary
- Investment Opportunity
- *** INVESTMENT OPPORTUNITY *** A substantial and recently improved three-storey grade II listed town centre property comprising three individual flats, all of which are tenanted and producing a gross yield of circa 8%; conveniently situated within the heart of Ellesmere
- The sale of 21 Watergate Street represents an excellent investment opportunity for purchasers looking to begin or enhance their property portfolio
- Rooms: Entrance Hall, Bedroom, Living Room/Kitchen, Bathroom, Rear Porch Sq Ft: 460 (approx) Current Rent: £550pcm EPC: 48 (current) 74 (potential) Flat Two - A first floor flat requiring a scheme of improvement works Rooms: Entrance Hall, Bedroom, Living Room/Kitchen, Bathroom Sq Ft: 505 (approx) Current Rent: £420pcm EPC: 66 (current) 84 (potential) Flat Three - A well presented and surprisingly spacious second floor flat, renovated in circa 2024
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Description
The property is a three-storey Grade II listed town centre building located in Ellesmere, comprising three individual flats with a total floor area of approximately 1,480 square feet. The building has undergone recent improvements, including decorative and efficiency enhancements, and features a communal area, a courtyard garden, and a range of original architectural details. The three flats are tenanted on Assured Periodic Tenancies, with a combined annual income of £17,850 and a gross yield of circa 8%.
Each flat has a distinct character, with Flat One being the most spacious and modern, Flat Two requiring improvement works, and Flat Three being well presented and renovated.