Four one-bed flats with planning consent — high-yield potential for hands-on investors..
- Planning permission granted to convert to four one-bed apartments (App No. 2020/37938)
- Potential rental income ~£800 pcm per apartment (total £3,200 pcm)
- Communal garden; Victorian terrace in town setting
- Sold at auction via Secure Sale; immediate exchange possible
- Leasehold tenure — check ground rent/terms before bidding
- Requires conversion works and fit-out from office layout
- Area shows very high deprivation and above-average crime
- Small overall footprint (452 sq ft); compact apartment layouts expected
A ready-to-go investment with planning permission already granted for conversion to four one-bedroom flats (Planning Application 2020/37938). Each apartment is projected to achieve around £800 pcm, giving a combined potential income of £3,200 pcm (£38,400 pa) against a guide/start price of £250,000 — a high gross yield opportunity for experienced investors.
The building is a redundant two-storey Victorian terrace in an urban Warrington location with a communal garden and excellent mobile and broadband connectivity. It sits close to Warrington town centre and a nearby station with direct services to Liverpool and Manchester, which supports rental demand from commuters and city workers.
Important practical points are upfront: the property is leasehold, will be sold at auction via a Secure Sale process, and requires conversion works to create the four flats from the existing office layout. The surrounding area records above-average crime and significant deprivation, which can affect tenant profiles, rental pricing and management costs. Buyers should allow for building-regulation works, fit-out budgets and leasehold obligations when calculating returns.
This is a specialist, hands-on investment suited to buyers comfortable with renovation projects, leasehold paperwork and auction purchases. For the right investor who budgets for conversion, tenant management and local market risks, the planning consent and commuter links offer immediate income potential and relatively quick delivery once contracts are exchanged.
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