Ready-let portfolio with immediate short‑stay income and uplift potential.
Freehold block of five recently refurbished flats, 6 bedrooms total
A newly refurbished block of five self-contained flats on Station Road, offered freehold and configured for holiday-let use. The portfolio comprises one two-bedroom and four one-bedroom apartments (six bedrooms total), recently renovated with modern kitchens, gas central heating and double glazing. Current short‑let listings show strong headline rates (May 2025: two-bed £180/night; one-beds £90/night), making this a clear prospect for buy-to-let or short‑stay investors seeking immediate trading income.
The building retains Victorian character—high ceilings and bay windows—alongside contemporary fittings. Each flat is council tax band A; current EPCs range from 41–65 with stated uplift potential to 70–80 following further improvements. The block benefits from excellent mobile signal, fast broadband and a central town location close to transport and local amenities, which supports lettings year-round.
Buyers should weigh neighbourhood and building factors. The area records very high crime and high deprivation indices, which can affect long-term capital growth and management costs. Wall construction is assumed cavity with no installed insulation; glazing predates 2002, so further energy upgrades would improve EPCs and reduce operating costs. The property trades as holiday flats now, so planning or mortgage conditions may differ for long-term residential conversion.
Overall, this is a hands-on investment: immediate income potential from existing short‑let bookings and a recent refurbishment, offset by elevated local risk indicators and likely additional spend to maximise EPC ratings and long-term resilience. Suited to investors comfortable with holiday‑let management and targeted refurbishment to capture higher nightly rates.
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