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5 bedroom duplex for sale
Stanley Road, Worcester, Worcestershire
£275,000
Stanley Road, Worcester, Worcestershire
£275,000
Our Summary
- We are pleased to offer to auction this investment opportunity comprising of 2 apartments, 1 studio apartment and 2 bedsits in a Freehold Victorian townhouse within half a mile of Worcester city centre
Description
This investment opportunity is a Freehold Victorian townhouse in Worcester city centre, comprising of 2 apartments, 1 studio apartment, and 2 bedsits. The property has been extensively refurbished to provide a total HMO occupancy of seven persons, meeting all current regulations and approved by the local council. The property has new fire doors, a fire alarm system, and carpets, as well as being redecorated throughout. The tenants, all professionals, have already been secured for four of the five units, with one recently vacated. The property generates a reliable rental income of £2669 per month or £32,028 per annum, with all white goods included and a weekly cleaner for communal areas. The property has three electric supplies, with the landlord supply covering communal areas, water, heating, and emergency lighting, and the tenants fund and pay for their own electricity through coin meters.