Floorplan
Map
Area stats7 bedroom block of apartments for sale
Key information
Features and description
- Attention investors
- 9% yield potential for 10%
- ANNUAL INCOME OF £57,900pcm
- Potential to increase rents
- For Sale by Modern Auction – T & C’s apply
- Subject to Reserve Price
- Buyers Fee Apply
- No onward chain
A substantial end-terrace property divided into 7 separate apartments comprising of 1 x two bedroom and 6 x1 bedroom - all currently occupied & generating an annual income of £57,900. Sold with no chain and sold as an ongoing concern, with all tenants keen to remain in situ.
Flat 1 - Contract ending 19th February re let with new tenants due to move in March at £725pcm.
Flat 2 - Long term tenant in situ, who's been in for 30+yrs. Current rent of £680pcm which the owner pays for water bills.
Flat 3 - Tenant moved in Sept 2025, paying £695pcm.
Flat 4 - Tenants moved in July 2021, ending contract mid-March expected new rent £725pcm with the current tenants paying £675pcm.
Flat 5 - Tenant moved in November 2019, current rent is £700pcm + £50pcm for the garage.
Flat 6 - Tenants moved in Sept 2025, paying £650pcm.
Flat 7 - Tenants moved in Feb 2023, current rent is £650pcm.
Across all properties - with tenants keen to remain in situ, it would be possible to increase certain apartments rents & based upon current market values - annual rents could be £61,440pa which provides over 10% YIELD - shown as follows:
Flat 1 - £725pcm
Flat 2 - £850pcm
Flat 3 - £695pcm
Flat 4 - £725pcm
Flat 5 - £800pcm
Flat 6 - £650pcm
Flat 7 - £675pcm
AUCTIONEERS COMMENTS
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.
EPC rating: E.Rooms
Additional Information Not provided
Photos are ordered chronologically showing outside & then Flat 1 to Flat 7 & then outdoor areas.
Please note Not provided
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none are to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency can be given.
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