Summary - 49 WEST STREET CONGLETON CW12 1JY
5 bed 4 bath House
Victorian four-flat terrace with rear car park — strong gross yield, renovation required.
Four self-contained flats with gross income £24,840 pa
A compact Victorian terrace converted into four self-contained flats, currently producing a gross rental income of £24,840 per year. The building includes a useful rear car park — a rare town-centre asset — and large basement storage accessed via double doors. Two flats are occupied, a third is expected to be let shortly; the property will be sold at auction with tenants in situ.
The block requires renovation and general updating throughout; several communal and external areas appear overgrown and will need clearance. Flats have basic gas central heating and double glazing in most units, but gas connection works are noted for one flat. The seller describes a decent plot size but the overall internal area is small (approx. 689 sq ft total), so rooms are compact compared with modern standards.
This is best suited to an investor or small portfolio buyer seeking a high gross yield in a town-centre location rather than a buy-to-live purchaser. Local amenities, good transport links, fast broadband and excellent mobile signal support rental demand. Be aware the area scores as deprived and some nearby primary schools are rated 'requires improvement', which may influence tenant mix and long-term capital growth.
Practical points: the property is freehold, low flood risk and very low crime. It will be sold at auction and is offered with tenants in situ, so expect legal and practical checks before purchase. Significant renovation and ongoing maintenance budgets should be allowed for refurbishment and to improve occupier appeal.
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