- Excellent Buy-to-Let Investment +
- Two Flats on Independent Lease Agreements +
- Ground Floor - 1 Bedroom Flat +
- 1st Floor - 2 Bedroom Flat +
- Both flats feature individual lounges and kitchens +
- Both Flats are Fully Let +
- £725 pcm & £800 pcm +
- Yield of 7% +
- Freehold included in the Sale +
- Purchaser can use two "Vanilla" Buy to Let Mortgages for finance. +
An outstanding and rare opportunity awaits discerning investors with this freehold property, perfectly positioned in the desirable area of Worcester. This unique offering comprises two self-contained flats, each operating under independent lease agreements, presenting an excellent 'buy-to-let' investment with immediate rental income and a robust yield potential.
The property is thoughtfully configured to maximise rental appeal and operational efficiency. The ground floor hosts a well-appointed one-bedroom flat, designed for comfortable living. It features a spacious lounge, a separate, fully equipped kitchen, a generously sized bedroom, and a modern bathroom. This flat is currently fully let, providing a consistent income stream of £725 per calendar month.
Ascending to the first floor, you will find a larger, two-bedroom flat, equally appealing to tenants. This residence also boasts its own independent lounge, a dedicated kitchen, two comfortable bedrooms, and a contemporary bathroom. Like its ground-floor counterpart, this flat is fully let, contributing an impressive £800 per calendar month to the overall rental income. The combined rental income from both units offers a substantial and attractive return on investment, with the yield of 7%.
One of the most compelling aspects of this investment is the inclusion of the freehold in the sale. This provides the purchaser with complete ownership and control over the entire property, eliminating ground rent or service charge liabilities often associated with leasehold investments and offering greater long-term security and flexibility. The structure of this sale also presents a significant advantage for financing; purchasers can potentially utilise two 'vanilla' buy-to-let mortgages, one for each flat, simplifying the acquisition process and offering flexible financing options.
Both flats have been maintained to a good standard, ensuring tenant satisfaction and minimising immediate capital expenditure for the new owner. The independent nature of the leases and the self-contained design of each unit provide a clear and straightforward management proposition. Worcester itself is a vibrant city, offering a strong rental market driven by its excellent transport links, reputable educational institutions, and a thriving local economy, making it a consistently popular choice for tenants.