Four fully let apartments with immediate rental income and parking.
Freehold Victorian townhouse converted into four flats producing £46,200 pa
A substantial Victorian town house converted into four self-contained flats, presented as a freehold investment lot for auction. The building extends to over 2,500 sq ft and is fully let, producing a reported income of £46,200 per annum — attractive for buyers seeking immediate rental return. Accommodation includes a three-bedroom duplex and three one-bedroom units, with individual gas boilers and council tax bands A–B.
Practical benefits include central town-centre location close to Abington Street and the market, off-street parking bays to the rear, a lower-ground courtyard garden and good transport and digital connectivity. Energy Performance ratings range from C to D across the flats; main services are connected and each flat has gas central heating.
Material considerations for buyers: the property is being sold at auction on 24 September 2024 and will incur additional buyer costs (administration charge £1,800 and buyers’ premium £3,000). The area shows high crime and deprivation indices and some local schools have poor Ofsted outcomes; these factors can affect future lettings and capital growth. EPCs include D-rated flats and some units may need efficiency improvements.
The building appears to retain period character (high ceilings, sash windows) but will suit investors comfortable with a town-centre student/migrant-family market and the responsibilities of managing multiple tenancies and potential maintenance or refurbishment works.
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