Prime Investment Opportunity: 5 Leasehold Flats Sold with Freehold
An exceptional chance to acquire a fully tenanted, semi-detached Victorian townhouse with significant development potential. Spanning approximately 2,000 sqft, this freehold property consists of five self-contained flats, generating a strong rental yield with scope for value enhancement.
Originally converted in the early 1980s, the property comprises four one-bedroom flats and one two-bedroom flat, all benefiting from modern upgrades, including:
New roof
Double glazing in Flats 1, 4 & 5
Gas central heating in all flats
Upgraded electric fuse boards
Fire alarm system & emergency lighting in communal areas
Off-street parking for two cars
Current Rental Breakdown:
Flat 1 (1-bed, ground floor, communal garden access) £1,300 pcm (requires modernisation)
Flat 2 (studio, ground floor, private garden) £1,200 pcm
Flat 3 (studio, first floor, communal garden access) £1,000 pcm (lapsed planning permission to extend into a 2-bed)
Flat 4 (1-bed, first floor, communal garden access) £1,300 pcm
Flat 5 (2-bed, second floor, communal garden access) £1,500 pcm
Development Potential
With a well-designed layout across three floors, this property offers excellent scope for further rental optimisation, refurbishment, or extension. Previous planning permission for expansion has lapsed but could be reinstated (subject to approval).
This chain-free investment is ideal for landlords seeking a high-yielding asset with capital growth potential in a sought-after location. Enquire today to secure this rare opportunity.
Property Ref: 250623_CAR240249
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