4 bedroom block of apartments for sale
Four Flats and Freehold, Grinford House, New Market Street, Buxton, Derbyshire SK17 6LP
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
4
- BATHROOMS
4
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Auction Commencing on Monday 09th March at 1pm and ending 24 hours later on Tuesday 10th March at 1pm with Auction House Notts and Derby
Please register to bid via our website - auctionhouse.co.uk/nottsandderby
Grinford House, SK17 6LP – Freehold Block of 4 Self-Contained One-Bedroom Flats
Total Current Income: £29,700 per annum | Fully Let | Recently Refurbished
A rare opportunity to acquire a freehold block of four self-contained one-bedroom flats, converted from a substantial former residence and offering immediate income with future value-add potential.
The property was originally purchased in 2016 as a large eight-bedroom house and subsequently converted back to bricks into four individual one-bedroom flats, each completed with full planning consent and Building Regulations sign-off. The building has also benefitted from further refurbishment within the last 12–18 months, including updated kitchens, bathrooms, floor coverings and general redecoration.
All four flats are well-presented, self-contained and individually metered, and are currently occupied by professional tenants, providing a reliable and established income stream with no rental arrears.
Current Rent Roll:
Flat 1 – £580 pcm
Flat 2 – £600 pcm
Flat 3 – £625 pcm
Flat 4 – £600 pcm
Total Gross Income: £2,475 pcm / £29,700 per annum
The property is held on a single freehold title, offering scope for an incoming purchaser to create four individual leasehold titles (subject to consents), providing an opportunity to enhance capital value and refinance.
Located in a popular and well-connected area, the flats appeal strongly to the local rental market and offer a hands-off investment with long-term growth prospects.
Key Investment Highlights:
Freehold block of 4 flats
Fully let to professional tenants
Converted with planning and Building Regulations approval
Recently refurbished
Combined income £29,700 per annum
Scope for title splitting and increased GDV
Strong rental demand location
An ideal acquisition for investors seeking a secure income-producing asset with future upside.
Tenure: Freehold
EPC Rating: see legals
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Four Flats and Freehold, Grinford House, New Market Street, Buxton, Derbyshire SK17 6LP
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About Auction House, Covering Notts & Derby
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Visit our security centre to find out moreDisclaimer - Property reference 202602141932sq_undy. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, Covering Notts & Derby. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Covering Notts & Derby on 0115 647 1752.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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