Property description
A unique opportunity to purchase a large semi-rural complex, situated in Astwood Bank, comprising a three double bedroom semi detached cottage with a Georgian Farmhouse, which has been converted into seven self-contained flats/studios. Offered with extensive gardens, stunning views of surrounding countryside and potential to earn rental income from the flats/studios or alternatively, return the property to its former Georgian Farmhouse for family living.
The three double bedroom semi detached cottage features exposed beams throughout and briefly comprises:- Private Driveway with Potential Garages, Hallway, Lounge with Dual Aspect Windows, Dining Room with Quarry Tiled Floor, Breakfast kitchen with Wooden Work Surfaces, Belfast Sink, Centre Island with Breakfast Bar, Integrated Dishwasher and Walk In Store Cupboard, Utility Room with External Door, Downstairs WC, Stairs to First Floor Landing, Master Bedroom with Two Built In Wardrobes and En Suite Shower Room, Double Bedrooms Two and Three - with Bedroom Three having Built In Wardrobe - and Main Bathroom.
The converted Georgian Farmhouse comprises seven self-contained flats/studios, offering a rental potential of up to £40,000 per annum. Alternatively, the property could be returned to its former farmhouse status for semi-rural family living.
The former Georgian Farmhouse which has been converted into seven flats/studios currently comprises:
ENTRANCE HALLWAY
FLAT 1: Hallway, Open Plan Living Area, Bedroom and Shower Room
FLAT 2: Hallway, Studio Open Plan Living Area and Shower Room
STAIRS TO FIRST FLOOR LANDING
FLAT 3: Hallway, Open Plan Living Area, Bedroom and Shower Room
FLAT 4: Studio Open Plan Living Area, Kitchen and Shower Room
FLAT 5: Studio Open Plan Living Area, Kitchen and Shower Room
STAIRS TO SECOND FLOOR LANDING
FLAT 6: Hallway, Studio Open Plan Living Area, Kitchen and Shower Room
FLAT 7: Hallway, Studio Open Plan Living Area, Shower Room and Storage Room
Outside, the complex as a whole enjoys two driveways, potential garages, extensive gardens (including a communal garden to the flats), parking facilities and an outbuilding currently used as a Laundry Room.
The seven self-contained flats/studios, if occupied, could bring in a potential rental income of £30,000 - £40,000 per annum.
The village of Astwood Bank offers a number of amenities, with the nearby town of Redditch offering easy access to motorway links (M42, Jct 2&3) and good rail and bus links. There are also excellent leisure facilities along with cultural attractions, including the Kingfisher Shopping Centre.
EPC F
Council Tax Band F
This property is sold on a freehold basis
Property Features :
- Three Bedroom Semi Detached Cottage with 7 Flats
- Unique Opportunity to Purchase a Semi Rural Complex
- Potential to Earn up to £40,000 per annum in Rental Income
- Three Bedroom Semi-Detached Cottage
- Georgian Farmhouse Converted into Seven Self-Contained Flats/Studios
- Extensive Grounds and Gardens
- Outbuilding Currently Used as a Laundry Room
- Potential Garages
Property Info: