This property offers a distinctive opportunity for renovation and investment through its two one-bedroom flats, currently generating an annual income of £18,000. Both units are in need of modern updates, providing potential for increased rental yield or the chance to create appealing living spaces that align with current market demands.
On the ground floor, you'll find a shared entrance leading to a lounge, kitchen, utility room, and bathroom. The first-floor flat features its own lounge, kitchen, bedroom, and bathroom. Each flat benefits from gas heating and double-glazed windows. Presently, both are occupied under assured shorthold tenancies (ASTs), ensuring immediate cash flow for an investor.
Externally, the property includes a small front courtyard and a larger garden area at the rear, complemented by a single garage—an added convenience for tenants or potential buyers.
Situated in Swindon, the location boasts proximity to essential amenities including shops and restaurants, along with easy access to transportation links such as the mainline railway station and major roadways like the M4 motorway and A419. This expanding town is known for its diverse range of facilities, making it attractive not only for renters but also for long-term growth in property value.
With a 999-year lease at a nominal peppercorn rent, this property presents an appealing investment opportunity that invites creative vision and strategic planning to maximize its full potential.
