Immediate rental income with scope to increase returns after minor updates.
Current gross rent £6,000 per year with upward market potential to £7,200
Two bedrooms, lounge, kitchen and two bathrooms in practical layout
Leasehold with approximately 80 years remaining — mortgage risk
Sold with sitting tenants; tenancy documentation should be reviewed
Buyers Premium applies on purchase — adds to acquisition costs
1960s/70s brick block; communal entrance and small communal gardens
Good digital connectivity: excellent mobile and fast broadband
Located in comfortable, affluent neighbourhood with nearby schools and amenities
This 2-bedroom leasehold flat in Dean Court, Halifax, is presented primarily as a buy-to-let opportunity. It currently produces a gross annual income of £6,000 from long-term tenants and shows potential to reach approximately £7,200 at market rent, offering immediate cashflow for a small-scale investor.
The apartment is in a well-maintained 1960s/70s brick block with a communal entrance and small front gardens. Interiors include a lounge, kitchen and two bathrooms; rooms are described as medium to small with standard ceiling heights. Broadband and mobile signal are strong, and the property sits in a comfortable, affluent neighbourhood with good local schools and amenities nearby.
Important considerations: the flat is leasehold with about 80 years remaining. This may make mortgage finance harder to obtain and will affect future value unless the lease is extended. A Buyers Premium will apply on sale — factor this into purchase costs. The property is sold with sitting tenants, so any buyer should review tenancy paperwork and the Let Property Pack closely.
Overall this is a straightforward, low-maintenance letting with scope to increase rental income after review and minor updates. It suits investors seeking immediate returns and developers comfortable handling lease extension or financing constraints.
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