Chapel Street, Kirkby-in-Ashfield, NOTTINGHAM

This mixed-use property, formerly a Methodist chapel dating back to 1834, presents an interesting renovation opportunity for investors. The current structure has been partially converted and is situated in a residential area with good access to public transport and local amenities. The ground floor, once a snooker hall, comes with planning permission for the conversion into three self-contained one-bedroom apartments, presenting a clear path for increasing potential rental income. Meanwhile, the first floor features a one-bedroom apartment alongside four letting rooms that generate an annual rental income of £22,500 with potential growth. Additional assets include outdoor parking spaces and an outbuilding suitable for cycle storage. This property represents a promising investment prospect due to its mix of residential and commercial characteristics, along with significant scope for further enhancement.