Long-term tenants and clear upside for rental yield.
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A two-bedroom leasehold flat in the Clock House Building offering an immediate buy-to-let income stream. Currently let long-term, this property produces a gross annual rent of £10,500 with documented potential to rise to around £14,400 at full market rate. The flat has its own entrance, off-street parking and access to communal garden grounds, housed in an attractive stone-built conversion that blends period character with contemporary internal features.
The accommodation includes lounge, kitchen, two bedrooms and a three-piece bathroom across an average-sized 699 sq ft layout. The property is set in a very low-crime, affluent area close to local amenities and well-rated schools, which supports rental demand and long-term capital stability. Broadband speeds are fast and flood risk is nil, favourable for lettings.
Material points for an investor: the property is leasehold with 110 years remaining, is sold with sitting tenants who intend to remain, and a Buyers Premium applies to secure purchase. The current rent is below achievable market rent, so an investor planning to review tenancy terms could increase yield, but any rent change must follow legal and tenancy notice processes.
Overall this is a straightforward addition for a buy-to-let portfolio seeking steady income and low-management risk from established tenants, or for a developer/investor planning longer-term portfolio uplift. The building’s period features and communal grounds give added tenant appeal but expect standard maintenance for a converted stone property.
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