Terraced house for sale in Bryn Street, Newtown, Powys SY16

Residential Investment Opportunity of a property which is currently split into Six One Bedroom Units. Providing a useful income with potential to increase. There may also be potential to redevelop the site by returning the flats into Four Residential Units, subject to receiving the necessary planning approvals and consents. Currently let out on occupational contracts with a return of £21,600 per annum.
Some of the Tenants have been in residence for some time and there is potential to increase the rents to current market rental levels.
Situated in the town’s Conservation Area and the property benefits from an excellent rear garden and UPVC double glazed windows to the rear and is a short walk into the town centre which offers a range of amenities and facilities.

The accommodation comprises:
Communal Entrance Hall off Bryn Street with buzzers to all flats, fire alarm panel, rear door to Flats 1 & 2, Communal staircase to Flats 3 – 6. Flats 1 & 2 have their own doors into the rear garden and access via the communal hallway.

Flat 1 (Ground Floor)
Entrance Hall
Bathroom
Bedroom 3.32m x 3.62m
Kitchen/Lounge 5.46m x 3.36m

flat 2 (Ground Floor)
Entrance Hall
Bathroom
Bedroom 3.47m x 2.54m
Kitchen/Lounge 4.23m x 5.65m

flat 3 (First Floor)
Entrance Hall
Bathroom
Bedroom 4.43m x 2.80m
Kitchen/Lounge 5.47m x 4.59m

flat 4 (First Floor)
Entrance Hall
Bedroom 3.49m x 2.38m
Bathroom
Box Room 2.57m x 2.08m
Living Area 4.06m x 2.75m open through to
Kitchen 1.99m x 2.61m

flat 5 (Second Floor)
Landing
Bathroom
Bedroom 4.46m x 2.85m
Kitchen/Lounge 5.49m x 4.56m

flat 6 (Second Floor)
Landing
Bedroom
Bathroom
Box Room 2.16m x 2.60m
Lounge 4.55m x 2.78m open through to
Kitchen 2.82m x 1.77m

Outside

Large communal garden area. Flat (1) currently has its own private garden

Services

All the flats have their own meters and there are electric panel heating to all flats.
Mains electricity, water and drainage.

Tenure – Freehold.
All the Flats are on an Occupational Contract. Total Rents are £21,600 per annum with potential to increase.

EPC ratings:
Flat 1 – E (49)
Flat 2 – E (51)
Flat 3 – E (52)
Flat 4 – D (61)
Flat 5 – E (54)
Flat 6 - D (57)<br /><br />Large communal garden area. Flat (1) currently has its own private garden