This property consists of four studio flats, each offering a unique opportunity for renovation and investment. The communal entrance hall provides access to the individual units, making it suitable for both residential use and potential rental income.
Flat 1 is located on the ground floor and features a spacious studio room measuring approximately 4.27m x 3.35m. This unit is in need of modernization, allowing for personal design choices or upgrades that could significantly enhance its appeal. It boasts a front bay window and a compact kitchen area equipped with wall and base units.
On the first floor, Flat 2 presents another studio space of about 4.62m x 3.53m, which also includes a box bay window that allows natural light to fill the room. The kitchen is fitted with essential appliances including an oven and hob, along with designated space for a fridge freezer.
Flat 3, situated on the same level as Flat 2, offers a slightly smaller studio of approximately 3.25m x 3.07m, featuring side-facing double-glazed windows. Its kitchen includes similar amenities to those found in Flat 2 and is also ripe for modern updates.
Ground floor Flat 4 has its own private front door leading into an entry porch. This larger studio measures roughly 5.49m x 3.05m, providing ample living space alongside its functional kitchen fitted with essential appliances and laundry provisions.
Each unit includes a shower room equipped with necessary facilities but may benefit from aesthetic improvements. The property also features outdoor space in the form of a patio garden area, conveniently laid to concrete.
Additionally, this property comes with driveway parking suitable for two vehicles and a single lock-up garage—features that add to its overall practicality and appeal.
The investment potential here is notable, especially considering the current rental income of £28,872 per annum with an impressive yield of approximately 8.88%. Each flat holds opportunities for refurbishment, allowing new owners or investors to maximize their return through strategic upgrades while benefiting from market demand in this location. With various EPC ratings reflecting energy efficiency across the units (ranging from D to E), there are further possibilities for enhancement as part of any renovation plans.
