I have a cellar in one of my properties which is quite a nice size for a self contained 1 double bed flat with a separate entrance. I have a few good quotations and once converted I think it may bring me in a yield of 12%. The property is in an affluent area of Manchester.
Are there any concerns or potential problems I should look out for with this investment? Would it rent ok considering it is not in London? or better to sell?
Would love to hear some expert thoughts on this subject.