Summary - Flat 2, 28-29 Comberton Hill, KIDDERMINSTER DY10 1QN
1 bed 1 bath Retail Property (high street)
Fully let freehold retail and flats near Kidderminster station, c.9.6% gross yield..
Two ground-floor lock-up shops, both currently trading and let
Two one-bedroom flats above included in freehold investment
Gross income £28,800 pa; gross yield c.9.6% at asking price
Close to Kidderminster town centre and railway station — high footfall
Solid brick Victorian mid-terrace; period character retained
Electric room heating only; likely poor energy efficiency, upgrade needed
No private outdoor space; small plot and urban setting
Area shows high crime and very deprived indices — consider tenant risk
This freehold mixed-use building on Comberton Hill offers immediate rental income and hands-off ownership for an investor seeking town-centre exposure. Two ground-floor lock-up shops are currently trading, with two flats above — total gross income c. £28,800 per year, representing a 9.6% gross yield at the asking price before costs.
The property is a mid-terrace red-brick Victorian-style building with conventional retail frontage onto a busy trunk road close to Kidderminster Railway Station and the high street. The shops include fitted retail/bakery and grooming layouts with customer-facing displays; the flats are presented in neutral condition with good natural light from large sash/bay windows.
Key strengths are location and income: footfall, proximity to transport links, and a fully let status reduce void risk. Construction dates suggest solid brick walls and double glazing, but the property retains older features and simple electric heating, which limit energy performance and may necessitate future investment.
Considerations for purchasers: the area records higher-than-average crime and very high deprivation indices, and the building likely lacks wall insulation. Heating is by electric room heaters (no mains gas), and there is no private outdoor space. Budget for ongoing maintenance, potential energy-efficiency upgrades, and routine commercial tenancy management when assessing net returns.
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