10 bedroom detached house for sale

DescriptionExceptional Freehold Block of 12 Income-Producing Apartments An outstanding opportunity to acquire a fully let residential investment comprising 12 self-contained flats in the heart of Cinderford, Gloucestershire. Converted from the former Railway Tavern, this substantial freehold development offers investors an established rental income with excellent long-term capital growth potential. Investment Summary * Property: Freehold block of 12 apartments * Freehold investment * Current Annual Rental Income: £111,600 * Estimated Individual Flat Value: Approximately £170,000 each * Indicative Aggregate Individual Sales Value: Approximately £2.04 million (subject to market conditions) * Potential to build other 2 apartments (need planning permission) * Strong demand for rental accommodation in the local area Building- the former Railway Hotel after renovation, with the stone faade restored, new windows, landscaped parking area, and a smart residential appearance. The apartments were finished to a high specification, featuring: * Open-plan living/kitchen - modern fitted kitchens with integrated appliances, oak flooring, and bright living spaces. * Bedrooms - contemporary dcor with neutral finishes and large windows. * Bathrooms - newly fitted modern bathrooms with quality fixtures. * New electrical and plumbing systems * Off-road parking * Bicycle storage * Bin storage Excellent Location Situated on Station Street, Cinderford, the property occupies a convenient town-centre position within the Forest of Dean. The location benefits from: Within a short walk: * Cinderford Town Centre - supermarkets, independent shops, cafs, banks and pharmacies. * Forest of Dean District Council Offices - a major local employer. * Cinderford Bus Station - regular bus services to Gloucester, Coleford, Ross-on-Wye and surrounding towns. * Several pubs, restaurants and convenience stores. Nearby Amenities * Forest of Dean Community Hospital - approximately 0.5 miles. * Forest High School - approximately 0.6 miles. * Linear Park - popular walking and cycling routes. * Forest of Dean - one of England's best-known woodland destinations, attracting visitors year-round. Road Connections The property benefits from good transport links: * Gloucester - approximately 15 miles (around 30 minutes) * Cheltenham - approximately 22 miles * Monmouth - approximately 12 miles * M5 Motorway - approximately 16 miles Why Investors Like This Location * Established residential neighbourhood. * Strong demand from local professionals, NHS staff, council employees and retirees. * Excellent access to the wider Forest of Dean employment area. * Nearby outdoor recreation enhances the appeal for long-term tenants. * Good balance of affordable housing prices and consistent rental demand. Areas: * FLAT 1 -45.5m2 * FLAT 2 -43.9 m2 * FLAT 3 -45.5m2 * FLAT 4 -43.9m2 * FLAT 5 -66.4m2 * FLAT 6-39.1m2 * FLAT 7 -40.3m2 * FLAT 8 -39.1m2 * FLAT 9 -40.3m2 * FLAT 10 -62.0m2 * FLAT 11 -47.6m2 * FLAT 12 -47.6 m2 Tenure: Freehold