Long Street, Dordon
Floorplan & Rooms
Features
Information
Description
Next Place Property Agents Ltd are proud to present this investment opportunity – Freehold Block of Two Self-Contained Apartments – Long Street, Dordon
A well-presented freehold investment opportunity comprising a semi-detached property that has been converted into two self-contained one-bedroom apartments, both currently let to long-term tenants and offered for sale with tenants in situ. The sale is investment-focused and therefore benefits from no upward chain, allowing for a smooth and straightforward transaction.
The property is arranged as a ground floor apartment accessed from the rear and a first-floor apartment accessed from the front, providing clear separation and privacy for both occupants. Each apartment offers well-proportioned accommodation including an open-plan living area, a double bedroom, and a bathroom, as confirmed by the accompanying floor plans.
Externally, the property benefits from off-road parking to the front for one vehicle, with additional access leading to the rear entrance serving the ground floor apartment.
Both apartments are currently let to long-term tenants, generating £595 pcm for the first-floor apartment and £575 pcm for the ground floor apartment, providing a combined monthly income of £1,170 and a gross annual income of £14,040. Based on the asking price of £170,000, this represents an approximate gross yield of 8.25%. The rents are inclusive of utility bills, creating a simple, hands-off investment. The property is fully electric with no gas supply to either apartment.
Located on Long Street, Dordon, the property sits within a popular residential area with strong ongoing rental demand, supported by excellent access to local amenities, transport links including the M42, and nearby centres such as Tamworth and Atherstone.
This is a ready-made investment opportunity with established tenants, strong local demand, and immediate income from day one.
Ground Floor Apartment Bedroom 11' 1" x 12' 11" (3.37m x 3.93m)
Ground Floor Apartment Bathroom 10' 10" x 6' 5" (3.30m x 1.95m)
Estate agent
Location
The information provided within this property listing is accurate to the best of our knowledge and research. Please see details of how we gather information in paragraph 3 of our T&Cs.
Please contact the appointed agent, or the vendor, for any missing information and to ensure the accuracy of all details. It is essential that you carry out your own Due Diligence in relation to any property purchases.