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Clough Road, Masborough 5 bed semi
Clough Road, Masborough
£170,000
Clough Road, Masborough
£170,000
Our Summary
- For sale by conditional auction- Starting Bid £170,000 plus Reservation Fee- Terms and Conditions Apply (See Auctioneer Comments for further information)
- With rents presently below local market levels, there is clear potential for uplift, offering investors an opportunity to strengthen yield and enhance long-term asset performance
- *A recent Fire Risk Assessment has identified areas where improvements are required to bring the building fully in line with current regulations, the need for improvements is reflected accordingly in the competitive starting bid
- VIEWINGS BY APPOINTMENT ONLY*AUCTIONEER COMMENTSThis property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")
- For Sale by Modern Auction - T & C's apply
Description
This exceptional semi-detached property has been converted into five self-contained flats, each featuring modern and comfortable living spaces with open plan lounge and kitchen areas, bedrooms, and private bathrooms. The property is fully let to reliable tenants on AST periodic agreements, generating a gross annual income of £27,000 with a 10% yield. The tenants pay their own council tax, and the landlord covers electricity and water, making it a straightforward and manageable investment. The property requires some improvements to meet current fire safety regulations, which are reflected in the competitive starting bid. With rents below local market levels, there is potential for uplift, offering investors an opportunity to strengthen yield and enhance long-term asset performance.