Income-producing Victorian building with immediate rent uplift potential.
Freehold three-storey building with three self-contained flats
A three-storey freehold investment arranged as three self-contained flats, prominently positioned on the corner of Crescent and Union Street in Newtown. The building produces £17,664 pa from long-standing tenants, reflecting a current net yield of 5.9% against the guide price, with clear scope to raise rents given local comparables and current rent levels.
The apartments are in good order with UPVC double glazing, individual gas boilers and separate meters, reducing management complexity. The combined accommodation extends to approximately 1,796 sq ft and includes spacious living rooms and well-sized kitchens — practical layouts that appeal to local demand.
Practical considerations are upfront: two EPCs rated D and one C (expiring 18.03.2035), the property sits in a conservation area and the immediate locality is classified as very deprived which can affect capital growth prospects. Buyers should note a small buyer charge applies for mandatory anti-money-laundering checks. Overall this is a straightforward, let investment for an investor seeking an income-producing Victorian property with short-term rent-upside potential.
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