New Bridge Street

This property consists of four self-contained one-bedroom apartments, presenting a unique investment opportunity with strong rental potential. Currently, two of the units are occupied, generating a combined net income of approximately £29,520 annually when fully rented. There is considerable scope to enhance revenue either through rent adjustments to align with current market rates or by exploring renovation options that could improve living standards and appeal. Situated in a central and increasingly popular area near Fore Street, the property benefits from close proximity to essential amenities, local transportation links, and a vibrant selection of independent shops. The surrounding community is on an upward trajectory, attracting investors interested in developing properties within the vicinity. Additionally, the property includes a lockable bin store and a basement room which may hold potential for conversion into an additional self-contained apartment. With each flat holding individual council tax bands (all classified as A), this freehold asset offers flexibility and long-term investment viability. In terms of rental prospects, recent evaluations suggest that with some updates and modernisation efforts, monthly rents could reach up to £850 per unit. This indicates a possible annual yield expansion to approximately 7.8%, making it an attractive proposition for discerning investors looking to capitalize on local market trends.