No longer on the market
This property is no longer on the market
Map7 bedroom semi-detached house
Sold STC
Semi-detached house
7 beds
5 baths
753
EPC rating: E
Key information
Features and description
- Development potential
- 7 units
- PLANNING PERMISSION GRANTED FOR 6 x 1 BEDROOM FLATS
- 4 x PARKING SPACES
- CURRENT INCOME OF £28,440 (1 VACANT UNIT) POTENTIAL INCOME £35k
- Nb some subsidence is currently present which will require attention
DEVELOPMENT POTENTIAL - Heritage Sales and Lettings are pleased to be able to offer for sale this freehold semi detached HMO currently arranged into seven units (4 x 1 beds and 3 x bedsits with shared shower). This property, set over three floors receives an income of £28,440 per annum ( 1 x 1 bed flat is currently vacant) Income capabilities of in excess of £35k per annum creating a 7% return as is with 4 x parking spaces occupying the front drive.
Planning permission has just been granted for extending and converting to 6 x 1 bedroom flats, BCP planning application number 7-2022-21619-B with a re-sale value of approx £900k - £960k.
Rental values after conversion are approximately £50-£54k per annum creating an 8%+ return.
Flat 1 - 1 bed - £400 pcm
Flat 2 - 1 bed - £595 pcm
Flat 3 - Bedsit with kitchenette and shared shower - £325 pcm
Flat 4 - Bedsit with kitchenette and shared shower - £325 pcm
Flat 5 - Bedsit with kitchenette and shared shower - £325 pcm
Flat 6 - 1 bed - £400 pcm
Flat 7 - 1 bed - Vacant
NB this property currently has some subsidence which will require some attention. EPC ratings vary between D and E
Planning permission has just been granted for extending and converting to 6 x 1 bedroom flats, BCP planning application number 7-2022-21619-B with a re-sale value of approx £900k - £960k.
Rental values after conversion are approximately £50-£54k per annum creating an 8%+ return.
Flat 1 - 1 bed - £400 pcm
Flat 2 - 1 bed - £595 pcm
Flat 3 - Bedsit with kitchenette and shared shower - £325 pcm
Flat 4 - Bedsit with kitchenette and shared shower - £325 pcm
Flat 5 - Bedsit with kitchenette and shared shower - £325 pcm
Flat 6 - 1 bed - £400 pcm
Flat 7 - 1 bed - Vacant
NB this property currently has some subsidence which will require some attention. EPC ratings vary between D and E
About this agent
At Heritage Sales and Lettings we know that renting a property can be a great alternative to selling. Enabling you to keep hold of your investment. Whether you have a single property or a portfolio of properties, as a landlord you need to know that you have the best agent, with the right level of experience, to find the tenants most suited to you and your property. Some landlords prefer to remain involved for the duration of the letting process, whilst others may entrust their property to us, safe in the knowledge that their agent has everything under control. This is where we come in with individually tailored packages, designed to meet all of your requirements. The Lettings industry is ever changing and regulations can alter very quickly, at Heritage Sales and Lettings, we will guide you through the process and keep you informed of any changes that may affect you or your tenants.