4 bedroom block of apartments for sale

Auction Commencing on Monday 09th March at 1pm and ending 24 hours later on Tuesday 10th March at 1pm with Auction House Notts and Derby

Please register to bid via our website - auctionhouse.co.uk/nottsandderby

Grinford House, SK17 6LP – Freehold Block of 4 Self-Contained One-Bedroom Flats
Total Current Income: £29,700 per annum | Fully Let | Recently Refurbished

A rare opportunity to acquire a freehold block of four self-contained one-bedroom flats, converted from a substantial former residence and offering immediate income with future value-add potential.

The property was originally purchased in 2016 as a large eight-bedroom house and subsequently converted back to bricks into four individual one-bedroom flats, each completed with full planning consent and Building Regulations sign-off. The building has also benefitted from further refurbishment within the last 12–18 months, including updated kitchens, bathrooms, floor coverings and general redecoration.

All four flats are well-presented, self-contained and individually metered, and are currently occupied by professional tenants, providing a reliable and established income stream with no rental arrears.

Current Rent Roll:

Flat 1 – £580 pcm
Flat 2 – £600 pcm
Flat 3 – £625 pcm
Flat 4 – £600 pcm

Total Gross Income: £2,475 pcm / £29,700 per annum

The property is held on a single freehold title, offering scope for an incoming purchaser to create four individual leasehold titles (subject to consents), providing an opportunity to enhance capital value and refinance.

Located in a popular and well-connected area, the flats appeal strongly to the local rental market and offer a hands-off investment with long-term growth prospects.

Key Investment Highlights:

Freehold block of 4 flats
Fully let to professional tenants
Converted with planning and Building Regulations approval
Recently refurbished
Combined income £29,700 per annum
Scope for title splitting and increased GDV
Strong rental demand location

An ideal acquisition for investors seeking a secure income-producing asset with future upside.

Tenure: Freehold

EPC Rating: see legals

Administration Fee: £1200 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.