- BLOCK OF THREE FLATS
- INVESTMENT OPPORTUNITY
- DEVELOPMENT OPPORTUNITY
- £15,480 PER ANNUM INCOME
- 2 x GROUND FLOOR STUDIOS
- 1 x LARGE UPSTAIRS ONE BED
- COMMUNAL GARDEN
- IN NEED OF MODERNISATION
- CALL BERNARDS TODAY
*** INVESTMENT/DEVELOPMENT OPPORTUNITY – BLOCK OF 3 UNITS ***
Bernards are pleased to bring to the market this block of three flats with potential to develop.
It is currently three seperate units rented out individually. On the ground floor there is one large studio at the front and one smaller studio at the rear, both with access to communal garden. Upstairs there is a large one bedroom flat.
As it stands it is currently rented out for a combined income of £15,480 per annum. The provides a 7% yield based on the current asking price.
There is potential to modernise the current units and look to increase the current rental income.
You could knock the ground floor studios into one large two bedroom ground floor flat with private garden. This would then look to rent for £750-£800pcm alone.
Or the final option is knock it back into a large three bedroom house and modernise for resale purposes.
If you would like any more information or to book a viewing on this block call Bernards today on 02392696811
STUDIO ONE (FRONT)
Large studio flat currently rented for £425pcm. Consists of large living area, kitchen, shower room and access to garden.
STUDIO TWO (REAR)
Smaller studio flat rented out currently for £365pcm. Consists of living area, smaller kitchen to the rear and shower room.
Large one bedroom flat currently rented out for £500pcm. Consists of large double bedroom, large lounge area, kitchen and bathroom.
Offer Check Procedure
If you are considering making an offer for this or any other property Bernards Estate Agents are marketing, please make contact with your local office so we can verify/check your financial/Mortgage situation.
Choosing the right conveyancing solicitor is extremely important to ensure that you obtain an effective yet cost-efficient solution. The lure of supposedly cheaper on-line “conveyancing warehouse” style services can be very difficult to ignore but this is a route fraught with problems that we strongly urge you to avoid. A local, established and experienced conveyance will safeguard your interests and get the job done in a timely manner. Bernards can recommend several local firms of solicitors who have the necessary local knowledge and will provide a personable service. Please ask a member of our sales team for further details.
We offer financial services here at Bernards. If you would like to review your current Agreement In Principle or are yet to source a lender, we have a number of experienced Financial Advisors who will be happy to help.