This property presents a noteworthy investment opportunity, featuring a block of seven one-bedroom flats along with an approved development plot for three additional four-bedroom townhouses. Currently, six of the flats are tenanted under shorthold tenancies while two are available for immediate occupancy. The overall structure benefits from gas central heating and double-glazed windows, contributing to efficient energy use. The management company in place ensures the building's upkeep and maintenance is systematically managed.
The approved planning permission allows for the construction of three terraced houses at the rear of the current building, enhancing the potential value significantly. Each flat has an EPC rating of 'C', indicating good energy efficiency, and generates rental income that can be further optimized upon completion of any renovations or new builds.
Given its proximity to the town center and mainline station, this property stands to attract consistent demand from tenants as well as future homeowners, making it a prime candidate for strategic refurbishment and development.
