3 x FLATS + DEVELOPMENT | HIGHBRIDGE TA9

This property presents a compelling opportunity, priced at £300,000, which is notably cheap at £83/sqf compared to the local average of £286/sqf. With the potential for significant rental income from the existing three flats generating £27,900 annually, this investment can yield strong returns. The ground floor is currently vacant, offering the flexibility to continue as commercial space or to explore the proposed development of four additional flats, subject to planning. The overall condition of the property is good, with well-maintained living spaces, a garden, and a solid exterior.

While the economics component is limited due to insufficient data, the fundamentals and location scores suggest a strong potential for value creation. The property sits on a large plot with off-street parking, which enhances its appeal. The current rental arrangements and the potential for further development make this an exciting project for investors looking to capitalize on the market. However, as always, interested buyers should conduct their due diligence regarding the proposed schemes and planning permissions.