6 bedroom block of apartments for sale

For Sale: Terraced House with 3 Tenanted Flats - Prime Investment Opportunity

Property Overview

A freehold terraced property in Pilligwenny, Newport, converted into three self-contained flats, offering a current rental yield of 8%. The property has been fully renovated and refurbished in 2021 and requires no maintenance or setup costs. With an option to title split and increase rental yields, this investment is primed for both current income and future growth.

Key Features

Flat 1 (First Floor Floor): 3 bedrooms, kitchen, living room, and bathroom (77 sqm).

Flat 2 (Ground Floor): 2 bedrooms, open-plan kitchen, and bathroom (67 sqm).

Flat 3 (Basement Maisonette): 1 bedroom, 2 additional rooms, open-plan kitchen, and bathroom; includes a private garden (69 sqm).

More pictures are available upon request for interested buyers.

Current Rental Details

Total monthly income: £2,425 gross

Tenancy: All tenants managed by an agency; January and February tenancies are now on periodic (rolling) contracts.

Current yield: 8%

Potential for further rental income increase.

Location Highlights

Situated in Pilligwenny, Newport, close to the city center.

Conveniently located next to an Asda store and bus stops.

On-street parking available.

Investment Benefits

Freehold ownership with an option to title split for added value.

Steady rental income from well-maintained flats.

No maintenance or setup costs required.

Price & Viewing

Guide price: £360,000.

Viewing is available only for highly interested buyers with potential offers on the table.

Contact us today for more details or to express interest in this fantastic investment opportunity!