This spacious seven-bedroom terraced property in the desirable Nether Edge neighborhood presents a noteworthy renovation and investment opportunity. Ideally situated in an area known for its strong community and accessible public transport connections, this property is close to local amenities, making it attractive for future residents or tenants.
Currently stripped to its core, the residence offers a blank canvas for those with vision. Previous planning approval allows for conversion into four apartments or a large-scale HMO, maximizing its potential rental income. The expansive cellar can also be utilized for additional storage or further development, enhancing the property's utility.
With generous room sizes throughout, prospective buyers can adapt the interior layout to fit their design preferences and investment strategies. The absence of existing reception rooms and kitchens provides flexibility in planning the space, catering to various residential configurations.
Investors will appreciate the strong resale values in this area, with similar properties achieving market prices that exceed £500,000. Rental prospects are similarly promising; comparable flats have recently commanded prices above £150,000 or monthly rents reaching over £1,000. Depending on finishes and configurations, individual bedrooms could achieve rental rates of £500 to £600 per month.
This property represents a compelling opportunity for developers seeking to capitalize on its substantial size and versatile layout. Whether pursuing a full renovation project or exploring options for multiple units, this home holds great potential for both immediate returns and long-term value growth. If you're interested in viewing this unique investment opportunity, please reach out for further details.
