Chain-free purchase with immediate rental income and strong student demand.
Currently let at £1,890pcm until June next year
Set in a busy student pocket of Fallowfield, this chain-free mid-terrace offers immediate, hands-off rental income. Currently let at £1,890pcm until June next year, it delivers a gross annual income of £22,680 and a headline yield above 9% at the asking price of £250,000.
The house has two double bedrooms, a modern kitchen and bathroom, and a compact open-plan living area. Built in the 1930–1949 period with solid brick walls and double glazing (install date unknown), it sits on a small rear plot with a private yard. Broadband speeds are fast and mobile signal is excellent, supporting high tenant demand.
Notable positives include the secure tenancy in place, proximity to universities, shops, bars and transport links, and low council tax. Key drawbacks are the unknown tenure, assumed lack of wall insulation, limited outdoor space, and the property’s location in a generally deprived area — factors that influence management and long-term refurbishment costs.
This is a ready-to-go option for a landlord seeking immediate cashflow from student lets. It suits investors who prioritise yield and occupancy over large gardens or turnkey family finish. Budget for routine maintenance and potential energy-efficiency upgrades when planning long-term returns.
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