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London Road, Worcester 3 bed terraced house for sale
London Road, Worcester
£150,000
London Road, Worcester
£150,000
Our Summary
- Starting Bid £150,000*FREEHOLD INVESTMENT OPPORTUNITY*CURRENTLY LET AT £1350pcm REPRESENTING A 9% Yield* This centrally located mid terraced property currently offers two apartments over three floors and has the potential for mixed usage development and investment
- 7m) Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'
- This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent
- The property is being sold via a transparent online auction
- Potential for Mixed Use
Description
This freehold investment property, located in Worcester, is being sold via online auction with a starting bid of £150,000. The property is a mid-terraced property with two apartments over three floors, currently generating a 9% yield through rental income. The ground floor apartment is let for £575 per month, while the first floor apartment is let for £775 per month. Both apartments have their own tax bands and utilities, and the tenants have contracts with the National Residential Landlords' Association. The property benefits from electric heating, double glazing, and a central location with easy access to shops, leisure facilities, and transportation links. The property is being sold chain-free and has the potential for mixed usage development and investment.