This property presents a compelling opportunity for developers and investors alike, strategically nestled in the residential area of Brinley, with convenient access to both Stoke and Biddulph. Its prime location also offers reasonable connectivity to Manchester, enhancing its appeal for potential tenants.
Currently configured as six self-contained flats, the property occupies a generous plot and includes two units that are currently tenanted, generating approximately £700 per month. With four additional vacant flats, there is significant renovation potential for those looking to enhance value. The empty flats offer a blank canvas for modernization and improvement, which could lead to increased rental income.
Given the strong demand for rental properties in this region, the current configuration suggests a potential annual income exceeding £25,000 once all units are occupied and upgraded. Furthermore, there may be an option (subject to obtaining planning permission) to extend the property or convert it into additional rental units, making it an attractive prospect for long-term investment.
The ground floor accommodates three flats, while the first floor hosts another three units. Each flat benefits from its own leasehold title of 999 years from May 2008. The property falls within the Stoke-on-Trent Council jurisdiction and is assessed under Band A for council tax.
With several flats already rented out and others ready for upgrades, this property invites forward-thinking investors who can recognize its potential to generate substantial returns while also contributing positively to the local housing market. Viewing is strictly by appointment; interested parties should arrange accordingly to explore this unique opportunity further.
