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3 bedroom terraced house for sale
London Road, WORCESTER
£185,000
London Road, WORCESTER
£185,000
Our Summary
- DESCRIPTIONThis is a fantastic investment opportunity to purchase the whole building (including the freehold) of which comprises a one bedroom flat to the ground floor and a two bedroom duplex flat over the first and second floor
- Planning Permissions The ground floor flat has full planning approval for change of use from office to a studio flat
- The Planning Application Number is: L07D0035
Description
This three-storey freehold building is a fantastic investment opportunity, generating an annual income of £15,900 from two rented flats. The ground floor flat has a one-bedroom layout, while the duplex flat above has two bedrooms. Both flats have separate entrances and are currently rented out, with the top floor flat generating £775 per month and the ground floor flat generating £550 per month. The property has a combined income of £1,325 per month, equivalent to an 8.5% yield. The building has a communal entrance hall, and each flat has its own kitchen and bathroom facilities. The property is available with no chain and offers a great opportunity for investors or first-time buyers.