Property of the week: Fantastic property ideal for investors looking to start/build a rental portfolio

This week's property, in Tunstall Road, Biddulph, is kindly brought to us by Stephenson Browne.


By Deborah Bowyer

7th Jun 2024 | Property of the Week


Fantastic property ideal for investors. Image credit: Stephenson Browne.
Fantastic property ideal for investors. Image credit: Stephenson Browne.

Did you know Congleton Nub News features a property of the week each week?

Our property listings can be viewed on the Congleton Nub News Property page.

This week's property in Tunstall Road, Biddulph is kindly brought to us by Stephenson Browne and is not to be missed.

Branch Manager at the company's Congleton office, Ellie Forrester, said: "This is an extremely rare investment opportunity - two flats.

"This is a fantastic property, ideal for investors looking to start/build a rental portfolio. What started off as a terraced property has been transformed into two modern dwellings with rental incomes of approx. £465pcm and £575pcm, resulting in a very good approx. rental yield of 7.5%.

"Both apartments are currently tenanted and can be sold with tenant in situ providing immediate income on completion."

The apartments have undergone an official separation gaining approval from building control and council planning.

Specific changes and approvals include sound and thermal insulation on all external walls and separating floors.

They have individual services that include gas, electric, water and telecommunications as well as individual postal addresses and council registration. Bold and refreshing colours have been used throughout with the colour scheme internally and externally being kept the same for consistency.

Internally the ground floor apartment consists of entrance hall, living room, modern fitted breakfast kitchen, new rear bathroom extension, sun room finished with French doors into a personal rear garden and bedroom.

The first floor apartment has the same spec fitted kitchen and bathroom with entrance hall, landing area, living room and benefits from two bedrooms, one currently being used as an office.

Externally to the front of the property is a tiered garden with steps leading up to both apartments, this garden area has been allocated to the first floor apartment so there is somewhere to sit out and enjoy the summer months.

To the rear,is an enclosed garden for the ground floor apartment with raised patio area.

Another bonus is the properties town centre location, within walking distance to many local amenities including shops, pubs and local Schools such as Our Lady of Grace Catholic Academy, James Bateman Middle School and Biddulph High School.

GROUND FLOOR APARTMENT

All of the downstairs floor has had the DPM relayed and filled with a concrete base.

Entrance hall - rustic and quirky wood effect tiles for durability and entrance door to the front elevation.

The large living room has the original striking sash window.

The modern fitted breakfast kitchen has wall and base units with wood effect work surface over, stainless steel sink with drainer, built in Zanussi oven and hob.

There is a fitted breakfast bar, large rectangular tiled flooring, storage cupboard, radiator, UPVC double glazed window to the side elevation, sun room finished with UPVC double glazed French doors into a personal rear garden, large rectangular tiled flooring flowing from the kitchen and radiator.

The bathroom modern fitted bathroom has a three piece suite comprising tiled double shower cubicle, vanity hand wash basin and low level WC, tiled splash back, large rectangular tiled flooring and UPVC double glazed window to the rear.

The bedroom has a UPVC double glazed bay window to the front elevation and radiator.

FIRST FLOOR APARTMENT

The entrance hall has rustic and quirky wood effect tiles for durability, stairs to first floor and entrance door to the front elevation.

The living room has a UPVC double glazed window to the rear elevation and radiator. Access into the kitchen.

The modern fitted kitchen has wall and base units with wood effect work surface over, stainless steel sink with drainer, tile effect flooring and UPVC double glazed window to the side elevation.

Bedroom one has UPVC double glazed window to the front elevation and radiator.

Bedroom two is currently used as an office. There is a UPVC double glazed bay window to the front elevation and radiator.

The modern fitted bathroom has a three piece suite comprising of tiled double shower cubicle, vanity hand wash basin and low level WC, tiled splash back and tile effect flooring.

Offers in the region of £165,000 freehold are invited.

Here is the property link: https://www.stephensonbrowne.co.uk/properties/19155084/sales

Head to the Stephenson Browne website to find out more about the property.

Interested? Please ring 01260 545600 to arrange a viewing.

You can also visit Stephenson Browne Congleton's office at 21 High St, Congleton CW12 1BJ.

For more details about Stephenson Browne, click here.

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