This property is currently under offer at £330,000. Anyone wishing to make an offer over and above this amount should contact the selling agents Pilkington Estates on[use Contact Agent Button] prior to the exchange of contracts. We are thrilled to introduce a unique opportunity to the market; a Grade II portfolio comprising six self-contained one bedroom apartments, five of which are currently occupied. This cherished portfolio has been well-maintained for years, fostering long-term relationships with many of its tenants. As a result, it is primed and ready for someone to step in and immediately enjoy the benefits of a hassle-free rental business. This diverse opportunity encompasses six comfortable one-bedroom apartments. These properties are in good condition, with some recently refreshed interiors. Additionally, the portfolio includes a shared concrete space accessible to all tenants to the rear, providing a communal area for amenities such as laundry and outdoor drying lines. The six properties today generate circa £37,000 per annum, resulting in an 11% yield. If the individual properties were to be re-decorated and rental reviews scheduled, there's no reason an investor wouldn't be able to achieve a larger yield
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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