11th December, 2015

Homes with income potential

Homes with income potential

Ever dreamed of running a B&B, a pub, a shop or just want to let out a room or annexe? Fine & Country have the answer with the below top 15 homes to make you money.

Whether you are looking to run a business from home or want to retire without giving up a regular income, we have tracked down a selection of homes that will pep up your pension or create a fantastic business for you.

1) Elm Grange, East Heckington. On the market with Fine & Country North & West Norfolk:

Guide price: £1,550,000

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Elm Grange comprises a beautiful four/five bedroom home, set in generous landscaped private gardens with a range of office and retail suites occupied for a variety of uses .The Victorian former grange has a range of traditional barns with income generating assets. Annual income is close to £50,000 pa.

It provides scope to either extend the existing investment business to increase revenue or to be converted for a variety of different usages, subject to planning. The property also has potential to be run as a spa facility. It is the perfect investment and residential home.

2) Radwell Grange, Radwell, Hertfordshire. On the market with Fine & Country Hitchin:

£1,150,000

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This 16th century Grade II Listed farmhouse is steeped in history. There are a range of large outbuildings including, ‘The Theatre Barn’ which is a handsome weather boarded building converted in the past to create a private theatre. The current owners have used this space for entertaining guests. Adjoining is a separate games room and there is scope to create secondary living accommodation or a separate residence, subject to the necessary planning consents.

3) Nuthampstead, Hertfordshire, SG8. On the market with Fine & Country Cambridge:

£795,000

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Looking for a career change? This property gives you a fantastic opportunity to acquire a well established dry & wet trade pub, with B & B accommodation plus onsite manager living quarters.

This well-established public house is being offered for sale with no brewery ties. The pub and village is steeped in local history and is more commonly known as being used as an American Airbase during the Second World War and today still attracts many visitors from far and wide.
The pub offers a fantastic opportunity for a career minded, driven individual or couple to take the pub to the next level of hospitality. Already enjoying a good reputation, the pub offers a well-established wet and dry trade and would welcome fresh input and enthusiasm.

4) Needham Market, Ipswich, Suffolk. On the market with Fine & Country Needham Market:

£565,000

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Always dreamt of running a coffee shop? Then this property with a shop front that used to be a very successful coffee shop is the one for you.

Across the courtyard from the main dwelling is a self-contained converted barn currently serving as a 4-star holiday let, though it was originally a residential annexe.

The commercial area provides a shop front in the region of 60 sq.m. It is in a prominent high street position, previously used as a coffee shop and lunch venue with an external high street seating area. Prospective buyers may wish to visit Tripadvisor.co.uk and search for Seasons at 103 Needham Market to peruse the numerous complimentary reviews.

5) Throapham House, Oldcotes Road, Dinnington, Rotherham, S25 2QS. On the market with Fine & Country Bawtry:

£750,000

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Part of this property is currently used as a luxury Bed and Breakfast accommodation with three en-suite letting rooms, a sitting room and dining room for the guests.

Tarriffs start at £75 per double room per night including a full breakfast, with discounts for single occupancy and mid-week breaks.The annual earning potential for the B&B comes to approximately £40,000 per year.

6) Massams Lane, Formby. On the market with Fine & Country Liverpool and Formby:

£799,950

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Within walking distance of the highly sought after Formby village and Freshfield Nature Reserve, this house is situated on a substantial plot and has been extended to offer spacious and highly flexible accommodation.

The property has a self-contained two bedroom apartment with potential earning of £850 pcm. The apartment comprises a large open plan reception room and kitchen, a wonderful conservatory overlooking the grounds, a shower room and a large double bedroom, all on the ground floor, whilst upstairs there is an additional double bedroom with storage to the eaves.

7) Nonington, Dover, Kent, CT15 4LQ. On the market with Fine & Country Canterbury:

£1,250,000

1600046K

This property has an annexe, barn conversion and holiday let with a total of nine bedrooms.

In addition, you will find a simply awesome oak framed barn that has been beautifully restored and is now an extremely high-end holiday let, as well as the stable block that has been converted into a charming self-contained single storey dwelling and is presently home to the owner’s parents. Within the grounds is an immense double garage, a veritable barn of a building incorporating two integral loose boxes and a 475sq ft first floor which subject to planning could be put to a variety of uses.This boutique B&B business would suit an extended family.

8) Hillside Cottage, The Green Warmington. On the market with Fine & Country Oxfordshire:

£1,000,000

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The three summer cottages named Lavender, Honeysuckle and Wisteria are all beautifully presented throughout. Wisteria Cottage is a detached stone cottage with entrance hall, living room with kitchen, double bedroom with living room and bathroom whilst Honeysuckle Cottage and Wisteria Cottage both have living room with kitchen, bedroom and en-suite. The properties are found at the end of a long private and sweeping driveway, approached through electric security gates affording a huge degree of privacy. A wonderful lifestyle opportunity not to be missed.

It has 3 cottages that the current vendor rents out for holiday lets it currently turns over around £45,000 per year but has a potential of around £90,000 as it has land attached that you could be turned into a glamping site. In 2014, the profit for the business was approximately £14,500 which represents a 52% occupany rate with scope to increase the business.

10) Penegoes, Machynlleth, Powys, SY20 8NH. On the market with Fine & Country Newtown:

£500,000

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A mill pond and turning waterwheel are only two of the unique features of stunning Felin Crewi and its idyllic rural location makes it a highly desirable property.

The property offers exceptional earning potential with both B&B facilities and self contained cottages for holiday let purposes. The location and features at the property enhance the earning potential considerably.

The property itself boasts unique features such as the original mill pond and a water wheel still insitu and is located a stones throw from the historic market town of Machynlleth, about 20 minutes drive from the stunning coastal village of Aberdyfi and is on the edge of the Snowdonia national park.

11) Cerne Abbas, Dorset. On the market with Fine & Country Dorchester:

£645,000

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Cerne Abbas stores is a thriving business and has been at the heart of this idyllic village for more than 250 years.

The double-fronted shop front has a strong presence on the main street (Long Street) within Cerne Abbas, which has three pubs and other amenities, and is very much a focal point for the surrounding residential areas.

12) West Street, Dunster, Minehead. On the market with Fine & Country Minehead:

£765,000

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This property is in the medieval Exmoor village of Dunster. It is currently a boutique bed and breakfast business.

13) Trenewydd Farm Holiday Cottages, Moylegrove, Cardigan, Pembrokeshire. On the market with Fine & Country Pembrokeshire:

£949,950

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A successful holiday complex complete with six letting cottage, outdoor heated swimming pooland a total of eight acres and a large barn.

For those looking for the ‘Good Life’, there are two paddocks, and facilities to keep chickens. Trenewydd offers considerable potential to a couple or family looking for a wonderful place to live, combined with a good income.The immaculate cottages have attained a Visit Wales 4 star accreditation and there is also dedicated high speed broadband in all cottages and the farmhouse.

The farmhouse can be separated into 2 wings and is also capable of offering accommodation for bed and breakfast guests. The smaller self contained wing would be ideal for an elderly relative or indeed it could be used as a separate holiday let or even further bed and breakfast accommodation.

14) Rosecare, St. Gennys, Bude. On the market with Fine & Country Bude:

£765,000

Bude property

Enjoying a tucked away coastal location, Penrowan is a large 7 bedroom family home being highly adaptable for income potential, with amazing sea and countryside views.

The house is highly adaptable large family home and has many potential uses. There is Bed and Breakfast or guest house potential with holiday investment usage to provide extra income as well as for dual family occupation.

15) Riverclub, Sandton, Gauteng. On the market with Fine & Country Sandton:

ZAR7,500,000

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For those that want to move abroad Fine & Country Sandton presents these two excellent houses on single stand or subdivision possibility with large rental income situated in South Africa.

The accommodation includes five bedrooms and three bathrooms. The guest suite is separate from the family section and boasts large storage room plus en suite bathroom.

To find out more about these properties, plus many more, visit www.fineandcountry.com.

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