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3 bedroom terraced house for sale
London Road, Worcester
£150,000
London Road, Worcester
£150,000
Our Summary
- Starting Bid £150,000***FREEHOLD INVESTMENT OPPORTUNITY***CURRENTLY LET AT £1350pcm REPRESENTING A 9% Yield*** This centrally located mid terraced property currently offers two apartments over three floors and has the potential for mixed usage development and investment
- Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'
- This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent
- The property is being sold via a transparent online auction
- Potential for Mixed Use
Description
This freehold investment property, located in Worcester, is being sold via a secure online bidding process. The property currently generates a 9% yield, with two apartments over three floors, offering a mix of one and two-bedroom properties. The ground floor apartment is rented for £575 per month, while the first-floor apartment is rented for £775 per month. Both apartments have separate contracts and utilities, and are being sold with tenants in situ. The property benefits from electric heating, double glazing, and recently updated kitchen and shower rooms. With a starting bid of £150,000, this investment opportunity presents a potential yield of over 9% and is available to view strictly by appointment only.