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  • Floor Plan
2 Rooms 4 beds 2 bath

£ 365,000.00

4 bed property for sale Sold/Delisted

Address: ************

More information

Auction: No
Market Status: Sold/Delisted
Schools: ************
Transport: ************
HMO Status: HMO Conversion
NEAR UNIVERSITY: NO (Dist: 1.50 miles)
NEAR TRAIN STATION: YES (Dist: 0.50 miles)
NEAR BUS STATION: YES (Dist: 0.30 miles)
NEAR HOSPITAL: YES (Dist: 0.80 miles)
About this property
Investment opportunity comprising a cottage, flat, and shop with excellent earning potential. The 2-bedroom flat is projected to achieve approximately £625pcm, with several interested tenants. The 2-bedroom cottage is currently rented at a reduced market rate of £565pcm, projected at £650pcm. The shop is rented to a taxi firm for £333pcm. The total projected annual income is around £20,000, with redevelopment potential for HMO conversion estimated at £37,500 per annum. The flat features two large double bedrooms, a spacious living room with ample natural light, a kitchen overlooking the courtyard, and a bathroom with modern amenities. The cottage includes a large living room with a fireplace, a kitchen diner, two good-sized bedrooms, and a family bathroom. There is also a useful storage barn and rear access for fire exit, enhancing HMO potential. Electric heating, mains water, and drainage are available.

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