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Marine Villa Road, Knottingley, WF11 14 bed block of apartments for sale
Marine Villa Road, Knottingley, WF11
£875,000
Marine Villa Road, Knottingley, WF11
£875,000
Our Summary
- 20 years remaining)To be sold by public auction
- This is a brilliant opportunity for investors or developers looking for a high-yielding block with clear scope to add value
- Fantastic Opportunity For Investors Or Developers Seeking Capital Growth And Yield
Description
The Grove, a substantial detached property on Marine Villa Road in Knottingley, is a unique opportunity for investors or developers to purchase a partially converted building with 14 self-contained one-bedroom flats. With kitchens and bathrooms already installed, the property only requires some external and basement works to be completed. The generous plot provides ample parking for residents and visitors, and the location offers easy access to the A1(M) and M62, making it an attractive option for commuters. The property has strong rental and resale potential, with potential gross income around £80,000 per year and estimated total income around £83,000 per year. The guide price is £875,000, offering a gross yield of approximately 9-10%. Once fully completed, the property could be resold for a total of £910,000 to £1,050,000, depending on the sale price per flat.