This property presents an appealing renovation and investment opportunity within a desirable location. Comprising three one-bedroom flats, each unit features its own kitchen, bathroom, and living area, providing functional spaces for occupants. The property includes shared parking facilities, enhancing convenience for residents.
Currently, two of the three flats are occupied, generating immediate rental income while offering potential investors a quick return on their investment. Each unit is equipped with independent amenities, making it an attractive option for renters seeking privacy and comfort.
One of the standout features of this property is its considerable redevelopment potential. There is a strong possibility to expand the site to accommodate seven to nine additional one-bedroom apartments, subject to obtaining the necessary planning permissions. This could significantly increase both rental yields and overall capital appreciation in the future.
The location benefits from excellent public transport links and proximity to a variety of local amenities, enhancing its appeal to a wide range of tenants. The nearby Osmaston Park adds recreational value to the area and further increases desirability for prospective renters.
In addition to existing income generation capabilities, this property's development potential makes it suitable for investors looking to enhance their portfolio or take on a new project in a prime area. Whether considering long-term strategies or immediate returns, this property offers a versatile foundation for future growth. Early viewings are encouraged to explore the possibilities this property has to offer.
