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5 bedroom block of apartments for sale
Merrin Court, Loughborough,LE11
£430,000
Merrin Court, Loughborough,LE11
£430,000
Price History
Initial price | £460,000 |
21/12/24 | £455,000 |
28/12/24 | £450,000 |
03/01/25 | £445,000 |
11/01/25 | £440,000 |
17/01/25 | £435,000 |
01/02/25 | £430,000 |
Price Change | -6.52% |
Description
This multi-unit property in Loughborough is an excellent investment opportunity, currently generating a steady income of £33,960 per annum from its four distinct units, including a 2-bedroom cottage, two 1-bedroom flats, and a studio flat. The properties feature modern installations, including an Air Source Heat Pump, and offer separate living areas and spacious kitchens. With the exception of the studio, each property has its own freehold or leasehold, providing a secure investment. The current annual gross income could be increased to £40,188 with long-term tenants already in place, making it a worthwhile addition to any property portfolio.