3 Bedroom Apartment

Offered to the market at £160,000, this substantial property on Oxford Street, Pontycymer presents an excellent investment opportunity, currently arranged across three flats with the potential to reinstate the property as three separate self-contained units, subject to any necessary works, consents and regulations.

Flat 41C - Lower Ground Floor
The lower flat comprises one bedroom, living room, bathroom and kitchen/diner. The kitchen/diner is situated within the basement area, which provides access to a two-tier rear garden, with the second tier extending further down.

Flat 41B - Ground Floor
The ground floor accommodation currently comprises a lounge, bathroom and a kitchen/room which is presently being used as a bedroom. This space offers flexibility and could potentially be configured as a bedroom for residential use or provide an alternative shop/commercial space, subject to the relevant permissions.

Flat 41A - First Floor
The upper accommodation provides a large living room, one bedroom, bathroom and utility room, with the utility room leading through to a further shower room. There is also potential to reconfigure this accommodation to create a two-bedroom flat, which could potentially achieve rental income of approximately £725 per calendar month, subject to the necessary works and market demand.

The property benefits from multiple access points, including a front door to 41A, a separate entrance to the upper accommodation and access to the ground/lower accommodation. There is also currently an open doorway connecting the upper accommodation to 41C, which could potentially be blocked off to reinstate the properties as fully separate flats.

Investment Potential
Modernisation and improvement works are required, providing an excellent opportunity for an investor to refurbish and maximise the property's potential.

Based on the potential layouts, rental income could be in the region of £650 pcm for each one-bedroom flat, with the upper flat potentially being reconfigured into a two-bedroom property achieving approximately £725 pcm. This would give a potential combined rental income of approximately £2,025 per calendar month (£24,300 per annum), subject to the final configuration, condition, market demand and any required permissions.

At an asking price of £160,000, this represents an appealing opportunity for an experienced investor or developer looking for a refurbishment project with the potential to create three separate rental units.

EPC Ratings:

41A: Current 63 (D) | Potential 81 (B)
41B: Current 58 (D) | Potential 75 (C)
41C: Current 76 (C) | Potential 79 (C)

Council Tax: TBC

Council Tax Band: A
Tenure: Freehold