Block of apartments for sale
Key information
Features and description
- Freehold end-terrace property
- Split into two self-contained 1-bed flats
- Each with own GCH system and u PVC double glazing
- Ground floor flat with rear lobby and shower room
- First floor flat with similar accommodation (differently arranged)
- Requires some modernisation throughout
- Estimated refurbished value: £75 per flat, per week
- Potential annual income of approx. £7,800
- Strong yield of approx. 13.7% at asking price
A fantastic investment opportunity – this Freehold end-terrace property is split into two self-contained one-bedroom flats. Both units require some modernisation but offer strong potential for rental income once refurbished.
The ground floor flat comprises a living room, double bedroom, kitchen, rear lobby, and a shower room with a reasonable suite. The first floor flat offers similar accommodation, arranged differently.
Each flat has its own gas central heating system and benefits from uPVC double glazing throughout.
Once modernised, the flats are expected to generate rental income of around £75 per week each, providing a potential annual return of approximately £7,800. At the current asking price, this represents an excellent yield of around 13.7%.
Ideal for landlords or developers, this is a superb opportunity to acquire a high-yielding investment property.
Rooms
Ground Floor Flat - 270 Weelsby Street
Ground Floor
Living Room
3.67m into chimney recess x 3.35m - With two storage cupboards. Two radiators and uPVC double glazed rear access door.
Bedroom 3.36m x 2.51m
With storage cupboard. Radiator and uPVC double glazed window unit.
Kitchen 4.1m x 2.16m
Partially tiled and fitted with a selection of wall and base units incorporating a sink unti with drainer. Having gas point for cooker. Gas fired central heating combination boiler. Radiator and uPVC double glazed window unit.
Rear Entrance Lobby
With uPVC door.
Shower Room
With suite comprising shower cubicle with glazed door and shower, low-flush w.c. and a hand basin set in vanity unit. Radiator and uPVC double glazed window unit.
First Floor Flat - 270A Weelsby Street
Ground Floor
Entrance Hall
With stairs to first floor accommodation. uPVC double glazed entrance door.
First Floor
Living Room 3.66m x 3.34m
With two radiators and uPVC double glazed window unit.
Bedroom
4.3m maximum x 2.5m maximum - With pedestal basin. Storage cupboard. Radiator and uPVC double glazed window unit.
W.C.
With a low-flush w.c.
Shower Room
Partially tiled and having shower with tiled splash back. Radiator.
Kitchen 2.66m x 2.15m
Partially tiled and fitted with a selection of wall and base units incorporating a sink unit with drainer, gas point for cooker and plumbing for washing machine. "Ideal" gas central heating combination boiler. Radiator and uPVC double glazed window unit.
Gardens
There is a yard to the rear.
Broadband & Mobile Phone Coverage
Please use the following link to check the mobile phone and broadband coverage for this property.
Services
We have not tested or inspected any heating systems, fixtures, appliances or services, purchasers should rely on their own survey.
Council Tax Band A (Each Flat)
This information was obtained on the 1st April 2025 and is for guidance purposes only. Purchasers should be aware that the banding of the property could change if information is brought to light that makes it clear to the Valuation Office Agency that an error was made with the original allocation.
Additionally, there may be circumstances when the Council Tax can be altered on change of ownership.
All interested parties are advised to make their own enquiries. See
Sources Of Useful Information
Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.
Mortgage Advice
Mortgage Advice Bureau works with Jackson, Green & Preston Estate Agents to provide their clients with expert mortgage and protection advice. We have access to over 12,000 mortgages from 90+ lenders so we can find the right mortgage to suit your individual needs. The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our customers have access to the latest deals available and receive a first-class service. We will take care of everything from explaining all of your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family and handling the whole application process.
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
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