Summary - APARTMENT 1A, RED ROSE HOUSE, 12 CHURCH ROAD CO15 6AG
10 bed 6 bath Semi-Detached
Six fully let flats with immediate income and freehold ownership, ideal for investors..
- Freehold block of six flats producing over £50,000 pa
- Five one-bed flats and one two-bed flat
- Off-street parking for residents
- Sold fully tenanted on existing ASTs
- Ground rent in excess of £800 pa
- Located in a very deprived area with high crime
- Council tax described as very cheap
- Buyers should verify services and tenancy documents
A ready-made investment: this freehold block of six flats on Church Road is fully let and currently produces in excess of £50,000 per year. The building comprises five one-bedroom apartments and one two-bedroom apartment, with off-street parking and a total internal area of approximately 2,721 sq ft. Ownership includes the freehold and existing ASTs, so income and tenancies transfer with the sale.
The property combines traditional exterior features (bay windows, brick façade, tall ceilings) with modern construction elements. It sits in a city/major town location close to local amenities and the seafront, and benefits from excellent mobile signal and fast broadband—useful for modern tenants. Council tax is noted as very cheap, which can aid affordability for occupants.
Buyers should factor in local challenges: the area is classified as very deprived with a high local crime rate, which can affect long-term capital growth and management overheads. Ground rent is stated in excess of £800 per year and should be reviewed alongside service and maintenance liabilities. The flats are sold occupied on existing ASTs, so purchasers must accept the current tenancy set-up and rental levels.
This is a practical acquisition for investors seeking immediate rental income and a freehold block with scope for active management or light refurbishment. Prospective purchasers are advised to commission full property, electrical and gas service inspections and to verify tenancy documentation and income streams before exchange.
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