Long-term tenants and immediate rental income in a refurbishment-ready home.
Three bedrooms plus lounge and three-piece bathroom
A three-bedroom semi-detached property on Ellerton Road presented chiefly as a buy-to-let with long-term tenants in situ. The property produces a current gross income of £8,400 pa and is offered at £110,000, making it a straightforward acquisition for investors seeking immediate rental return.
The house retains period brick exterior and simple room layouts but requires updating throughout: dated decor, single-glazed windows and kitchen and bathroom likely need modernisation. There is a private rear garden and on-street parking providing practical outdoor and parking options for tenants.
Leasehold with around 600 years remaining reduces long-term lease concerns, while very deprived area classification and average local crime rates are material factors for yield and tenant demand assumptions. Broadband speeds are reported as fast and mobile signal as excellent, supporting rental appeal for working tenants.
Buyers should note a Buyers Premium will apply to complete the sale. The current tenants intend to remain, so purchasers must accept the existing tenancy if proceeding. The property is suited to investors or developers prepared to refurbish to increase rental value or convert layout where permitted.
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