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8 bedroom link detached house for sale
Bromwich Road, St Johns, Worcester
£695,000
Bromwich Road, St Johns, Worcester
£695,000
Our Summary
- The remaining flats offer potential for future refurbishment, which could further increase rental income and overall property value
- Additionally, subject to the necessary planning permissions, there is potential for further development, including the conversion of the cellar, utilisation of side grounds and driveway
- With a total internal area of approximately 353 sq m, this property currently delivers over a 9% yield, with further potential through improvements and development
- Fantastic Investment Opportunity
- Scope for Further Development
Description
This property is a freehold building comprising eight self-contained apartments, including six one-bedroom flats and two studio flats, with a total internal area of approximately 353 square meters. The six refurbished one-bedroom flats generate an annual gross rental income of around £65,700, offering a yield of over 9%. The two studio flats, which have not been modernized, offer potential for future refurbishment to increase rental income and property value. Additionally, there is potential for further development, including the conversion of the cellar, utilization of side grounds, and driveway, subject to necessary planning permissions. The property is currently let to long-term tenants, and each flat has a different Energy Performance Certificate rating.