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6 bed flat
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Our Summary
- A rare opportunity to acquire a FREEHOLD BLOCK OF THREE SELF-CONTAINED FLATS, ideally positioned and offering both IMMEDIATE INCOME and FURTHER POTENTIAL TO ADD VALUE
- ), offered with PLANNING PERMISSION TO EXTEND INTO THE LOFT SPACE, providing an excellent opportunity to enhance both size and value
- The property is generating a current income of £2,200 PCM from the two tenanted units, with scope to increase overall rental yield once the top floor flat is let and/or extended
- This is an ideal purchase for investors seeking a READY-MADE PORTFOLIO ADDITION, with a strong existing return and clear potential for FUTURE CAPITAL GROWTH AND RENTAL UPLIFT
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Description
The property is a freehold block of three self-contained flats, including a ground and basement flat, a first floor flat, and a top floor flat. The ground and basement flat is a two-bedroom maisonette with a private garden, currently let for £1,300 per month. The first floor flat is a two-bedroom apartment, approximately 588 square feet, currently let for £900 per month.
The top floor flat is a one-bedroom apartment, approximately 501 square feet, with planning permission to extend into the loft space, currently vacant.