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10 bedroom block of apartments for sale

Scalford Road, Melton Mowbray

Under Offer £745,000

Property Description

Key features

  • 6 Unit Rental Investment
  • Beautiful Victorian Detached House plus converted Stables
  • 10 Parking Spaces
  • Space for Potential Building
  • Freehold included in the sale
  • Min EPC D-62

Full description

Tenure: Freehold

This victorian house with stable block was tastefully developed to retain many of the original character features whilst providing gas fired central heating, contemporary kitchens and bathrooms and sash double glazed windows.  Comfortable living space with ample off street parking and an ideal location ensures long term professional tenants and high occupancy levels. 

The main detached building has been converted into 4 apartments which offers a large 2 bed to the ground floor with its own private access at the front of the building. The two apartments on the first floor, a 1 and a 2 bed, and the top floor 2 bed have access at the rear from a communal stair way. At the back of the property the former stables now provide a pair of properties, one 2 bed and a 1 bed, with private outside space for each.  

There are currently 10 parking spaces shared between the rental properties.

There is also an area that could be developed, subject to planning permission, to add an additional property.

The development has seen occupancy rates of 98.6% over the last 5 years  with current monthly rentals ranging from £475 to £590.

Ground Floor Apartment 2 beds - 86.7 sqm / 932 sq ft

First floor 1 bed apartment - 34.8 sqm / 375 sq ft

First Floor 2 bed apartment - 45.1 sqm / 485 sq ft

Second floor 2 bed apartment - 57 sqm / 815 sq ft

1 bed semi over 2 floors - 42.3 sqm / 455 sq ft

2 bed semi over 2 floors - 53sqm / 570 sq ft

Energy Performance Certificate (EPC) graphs

Listing History

Added on Rightmove:
30 October 2018

Map & Street View

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