Summary - 1 Crescent Terrace, High Street, Highley, Shropshire, WV16 6LF WV16 6LF
**Standout Features:**
- Freehold end-terraced property, converted into two self-contained one-bedroom apartments.
- Part vacant with potential for significant rental income, currently generating £4,788 annually, and projected at £9,576 post-renovation.
- Desirable urban area with fast broadband and excellent mobile signal.
- Gas-fired central heating and double glazing present, but requires finishing work.
**Notable Concerns:**
- The property is in need of complete renovation; Flat 1b is unfinished and lacks kitchen and bathroom fittings.
- Located in a neighborhood with above-average crime rates and moderate area deprivation.
- Viewing is limited; access to Flat 1a unavailable at this time.
Step into a flipper's dream with this unique opportunity to own a freehold end-terraced property, ideally located in an emerging urban area. With two self-contained apartments requiring renovation, this property offers tremendous rental potential, ideal for investors looking to capitalize in the affordable housing market. Once completed, you could enjoy an impressive nearly 14% yield.
While renovation is vital for unlocking the property's full value, the existing gross income from the occupied apartment demonstrates immediate cash flow. The garden space and convenient amenities nearby add to its appeal, offering a cozy, community-oriented lifestyle.
Seize the chance to transform this fixer-upper into a lucrative investment. With a starting bid of £69,000 at auction on September 11, don't miss out on this exclusive opportunity that could elevate your portfolio or serve as a starter project for first-time buyers interested in property revitalization. Viewing slots are limited, so act quickly!
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