Summary - 187, Mount Pleasant B97 4JG
3 bed 1 bath Duplex
Income-producing building with immediate rent and refurbishment upside.
Freehold mixed-use Victorian property with dual income streams
A three-bedroom duplex above a long-standing ground-floor launderette offers an immediate income stream and clear upside for an investor. The freehold building sits on a small plot with rear access to two off-street parking spaces and a modest enclosed garden.
Both commercial and residential units are let (current combined rents £10,650 pa) with scope to increase yields. The ground floor commercial unit could be repurposed subject to planning, creating further rental possibilities or owner-occupation options. Location is convenient for Redditch town centre and the railway station.
The property is of early-20th-century solid brick construction with original features externally and period proportions. Internally the flat and communal areas are dated and would benefit from refurbishment — especially kitchen, bathroom and general energy-efficiency upgrades (solid walls, D-rated EPC, pre-2002 double glazing). The building is gas-heated with boiler and radiators; there is no flood risk.
Buyers should note the small overall footprint and single bathroom serving three bedrooms, plus assumed solid wall construction that will limit immediate insulation gains without retrofit. Planning may be required for any change of use of the commercial unit. Presented as an income-producing, refurbishment-led opportunity in a well-connected town location.
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