Ready-made one-bedroom buy-to-let with strong immediate yield and tenant in place..
Tenanted buy-to-let with tenant in situ since June 2024
Current rent £575 pcm (£6,900 pa) — reported gross yield 9.6%
Freehold tenure; Home Report value £75,000
EPC rating C; gas central heating and double glazing
46 sqm (495 sqft) — average-sized one-bedroom flat
Sold as seen; sale includes all inventory
Local area classed as very deprived — affects capital growth outlook
Fully compliant for rental market; no buyer fees stated
This tenanted one-bedroom flat on Clepington Road is offered as a ready-made buy-to-let with immediate rental income. Set within a traditional stone tenement, the property blends period features (fireplace, picture rail, high ceilings) with practical modern upgrades: gas central heating, double glazing and an EPC rating of C. The sale includes existing inventory and the tenant remains in situ, making the purchase turn-key from day one.
Financially the flat is compelling for yield-focused buyers: current rent is £575 pcm (£6,900 pa) giving a reported gross yield of 9.6% at the asking price. The Home Report valuation is £75,000 and the tenure is freehold, simplifying ownership mechanics. The property is fully compliant for renting and has been occupied by the current tenant since June 2024.
Practical considerations are straightforward: the flat is average-sized (46 sqm / 495 sqft) and sold as seen. The local area is described as very deprived and popular primarily with commuters, students and working tenants — a factor that supports ongoing rental demand but may affect long-term capital appreciation. Buyers should note the property will be purchased with tenants in place and all inventory included, and that ongoing management and typical maintenance of a period building should be factored into forecasts.
Overall this is a pragmatic, income-first opportunity for investors seeking immediate cashflow and low entry complexity. It suits a landlord portfolio looking for a compliant, tenanted asset in a rental-dense inner-suburban location.