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Our Summary
- For sale by Online Auction - 24th ofJune 2026 Prime Town Centre Investment High-Yield Residential Block TCPA are pleased to present this substantial and characterful block of flats, ideally positioned in a sought-after town centre location
- The building is well maintained and includes a large, dry basement with significant development potential
- Investment Highlights Fully income-producing asset all units currently tenanted Immediate rental income from completion Scope for rental uplift across multiple units Asset management opportunity potential to split titles into leasehold units and introduce ground rent/service charges Development potential basement suitable for conversion into two additional flats (subject to consents) Strong tenant history with several long-term, reliable occupants Current & Potential Rental Income Flat 1: 2-bedroom apartment currently achieving £1,000 pcm Flat 2: 3-bedroom HMO 1 room let (£435 pcm), 2 vacant potential £1,305 pcm Flat 3: 2-bedroom apartment currently £290 pcm potential £570 pcm Flat 4: Large 3-bedroom apartment currently £530 pcm potential £950 pcm Flat 5: 2-bedroom apartment currently £290 pcm potential £950 pcm Estimated Total Annual Income (Fully Let): £57,300 Projected Yield: Approx
- 14% Additional Notes Some units would benefit from a programme of modernisation, offering further opportunity to enhance rental value Rare chance to acquire a high-yielding multi-unit asset with both immediate income and long-term upside Auction Details The property is being offered via auction on 28 May 2026
- Pre-auction offers may be considered
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Description
This substantial Victorian property is a prime town centre investment, offering a high-yield residential block of flats. The impressive building features generous living spaces, high ceilings, and retains attractive period details such as sash windows and original shutters. The property is well maintained and includes a large, dry basement with significant development potential for conversion into additional flats.
The five units within the property are currently tenanted, bringing in a combined income of approximately £57,300 per annum, with potential for rental uplift across multiple units and scope for modernisation to enhance rental value.