Summary - 4A Patchwork Row NG20 8AL
1 bed 1 bath Commercial Property
Compact mixed-use property with immediate income and refurbishment upside.
Annual rental income £12,740 providing immediate yield
Total area circa 506 sq ft in a mid-terrace Victorian building
Separate private entrance to first-floor flat for independent letting
Solid brick, likely uninsulated walls; energy upgrade opportunity
Electric room heaters; heating and insulation require improvement
Aging storefront and interior areas need refurbishment and tidying
Located in a deprived, high-crime area — rental demand constrained
Tenure unknown; buyer should verify legal/possession details
A mixed-use mid-terrace in Patchwork Row offering immediate rental income and short-term upside. The ground-floor retail unit has been trading as a beauty salon for five years, delivering an annual income of £12,740, while the self-contained first-floor flat provides separate access and stable letting potential. The property totals about 506 sq ft and is typical of early 20th-century solid-brick construction.
The building is straightforward and largely unmodernised: electric room heaters, assumed solid brick walls without insulation, double glazing of unknown age and an aging Victorian-style storefront that will need attention to improve kerb appeal. These are clear targets for modest capital works that could increase rental value and energy performance.
Location strengths and weaknesses are equally plain. It sits in a busy retail strip with local amenities and public transport nearby, supporting footfall for a retail tenant. However, the wider area is classified as deprived with high crime and a transitional Eastern European neighbourhood; the local market is dominated by constrained renters. Buyers should factor these socioeconomic dynamics into rental expectations and management strategy.
For investors, this is a compact, let-ready asset at an entry price with immediate yield and scope for value uplift through refurbishment and energy improvements. For an owner-occupier looking to run a small retail business and live above, the separate flat and existing trading history make this viable, but plan for upgrade costs and active property management.
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