Summary - 59a Birrell Road, Forest Fields NG7 6LU
3 bed 2 bath End of Terrace
Immediate rental income from shop plus a two-bedroom flat — refurbishment potential for higher yield..
Corner Victorian end-terrace with prominent street visibility
A prominent corner Victorian end-terrace in Forest Fields combining a ground-floor commercial unit and a two-bedroom duplex flat above. The shop has large display windows, a fitted commercial kitchen and currently produces £700 pcm on a fixed contract for another year, offering immediate income while longer-term re-letting or repurposing is possible. The residential upper floors provide a living room, kitchen, bathroom and two double bedrooms with gas-heated radiators serving the flat only.
This asset suits a buy-to-let investor seeking a mixed-use footprint with street visibility and local footfall. Practical positives include separate utilities and council tax for the two units, mains gas to the flat, double glazing (installed before 2002) and fast broadband/mobile signal. The small paved courtyard gives limited outdoor space but low maintenance.
Be clear about refurbishment and locality considerations. The building appears to need updating to maximise rental value — the commercial kitchen and internal finishes would benefit from refurbishment. The shop currently has no gas supply and relies on electric services. The property sits in a very deprived area with above-average crime statistics, which may affect tenant choice and yields. Walls are likely solid brick with no insulation (assumed), so energy efficiency improvements may be required to improve comfort and reduce running costs.
Overall this is a practical, mid-sized mixed-use investment with immediate rental income and potential to add value through targeted refurbishment or change-of-use (subject to consents). Investors should factor in local market dynamics, remedial works, and the short-term tenancy status of the commercial unit when calculating returns.
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