Summary - Church Street, Stapleford NG9 8GA
7 bed 5 bath Detached
Established income with permitted development to increase rents and yield..
Freehold mixed-use building with seven bedrooms across multiple units
A rare mixed-use freehold on Church Street, Stapleford, offering an established income stream and clear scope to boost returns. The building currently comprises two ground-floor offices (one vacant with PD consent to convert into two one-bed flats) and three residential flats above (one three-bed duplex and two one-bed flats). Occupied units produce a combined annual income of £21,710; the vacant unit previously let at £7,600 and, if converted, could add c. £16,200 pa, giving a potential yield around 9% at the asking price.
Practical benefits include large plot size, off-street parking (two allocated spaces per office plus three garages and four rear spaces for flats), freehold tenure, no flood risk and fast broadband/excellent mobile signal. The property sits centrally in Stapleford with a broad range of amenities and several 'Good' rated schools nearby, supporting both rental demand and future resale.
Considerations for a buyer: one ground-floor office is vacant and will require conversion works (if pursuing the PD route) or re-letting as commercial space. Ongoing management responsibility covers mixed tenancy, void periods and standard maintenance for a multi-unit building of this size (3,457 sq ft). Crime levels are average for the area and the local demographic profile is mainly white professionals and aspiring urban households.
This opportunity suits an investor seeking an immediate income with hands-on scope to increase yield through permitted development or active asset management. Financial projections and PD plans are available on the planning portal to inform refurbishment or conversion budgeting.
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