Two-bedroom terrace with immediate rental income and strong gross yield.
Long-term tenant in situ, steady rental income
A compact Victorian mid-terrace in DN4 presented as a straightforward buy-to-let with a long-term tenant in place. The property currently produces a gross income of £5,940 per year, providing an approximate gross yield of 7.7% at the asking price of £77,500. Its simple brick construction and typical terrace footprint make it low-maintenance externally and easy to re-let in this market.
This two-bedroom home offers a lounge, kitchen, bathroom and a small private rear yard with on-street parking outside. The existing tenancy has been long-standing and reliable, so the purchase suits investors seeking immediate rental income and minimal void risk. Internal condition cannot be confirmed from external inspection; an internal survey is recommended before purchase.
Location strengths include proximity to local amenities, several nearby schools and good mobile and broadband connectivity. Important considerations for buyers are the local area classification (very deprived) and above-average crime levels, which can affect tenant profiles and management needs. External space is limited and the plot is small, so capital redevelopment potential is constrained.
This opportunity is best for investors or developers comfortable with urban terrace stock who prioritise immediate income over capital renovation projects. Prospective purchasers should review tenancy documentation and commission an internal inspection to verify condition and any refurbishment costs.