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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)
