Summary - 42a Foxhall Road IP3 8HL
9 bed 6 bath Detached
**Property Highlights:**
- Type: Detached mixed-use property with 6 residential flats and a ground-floor commercial unit.
- Bedrooms: 9 (across residential flats).
- Bathrooms: 6.
- Price: £1,200,000.
- Current gross income: £78,000/year, with potential gross income post-development: £99,600/year.
- Planning permission approved for garage conversion to office space.
- Off-street parking for 3–4 vehicles; 3 garages included.
Located just off the bustling high street in postcode IP3 8HL, this exceptional mixed-use property offers a unique investment opportunity ripe with potential. Consisting of six self-contained flats (a mix of one- and two-bedroom units) and a commercial unit generating robust rental income, it is perfectly positioned for ongoing revenue generation in a high-demand area.
The property boasts a steady current income of £78,000 per year, with prospects to increase this to £99,600 annually following the conversion of the garages into office space—which has already received planning approval. With off-street parking and three garages, this asset presents countless possibilities for further development or diversification of your investment portfolio.
Families will appreciate the nearby educational facilities, including several 'Good' rated primary and secondary schools. Although the area faces some challenges like above-average crime rates and levels of deprivation, it remains well-connected with excellent transport links and a vibrant community atmosphere.
This is a rare chance to secure a fully-let property with significant future rental potential. Don’t miss out on acquiring this fantastic freehold asset that not only promises financial returns but also the opportunity to add value—secure your viewing today!
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