Investment Opportunity - Two Ground Floor Flats Producing a Strong Yield
A fantastic investment opportunity offering an immediate return, with a healthy yield of approximately 8.6% and strong potential for increased rental income, as both tenants are now out of contract.
Flat 10a
Located on the ground floor, this spacious flat benefits from its own main entrance with vestibule. The generous living room leads onto a central hallway, providing access to:
-A kitchen with dedicated cooker space, sink with drainer, ample cupboard storage, and room for a fridge just outside.
-A large double bedroom (currently used as a gym).
-A well-proportioned shower room.
-A master bedroom.
-A third bedroom housing the boiler.
The hallway extends to the rear of the property, where there is direct access to the yard.
Flat 10b
Positioned next to 10a, this well-presented flat has a modern and bright feel. The entrance opens directly into the open-plan living/kitchen area, which includes:
-Modern kitchen fittings with sink and cupboard storage.
-A utility area leading to the shower room.
-A spacious double bedroom to the side of the living area.
Key Information
Current Rental Income: Flat 10a - £475 pcm (with scope to increase). Flat 10b - £346.66 pcm (with scope to increase).
EPC Ratings: Flat 10a - C (valid until March 8, 2035). Flat 10b - D (valid until August 19, 2032).
This property presents an excellent opportunity for investors seeking a ready-made rental portfolio with immediate income and clear potential for growth.
Council Tax Band: A Tenure: Freehold Parking options: On Street
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is 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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