Summary - 89a, Edward Burdis Street SR5 2RU
2 bed 1 bath Flat
Freehold two-bed let with strong current yield and refurbishment upside..
Currently let at £110pw (approx £5,720pa) — sold with or without tenant
Freehold first-floor flat, approximately 689 sq ft, two bedrooms
Gas central heating and partial double glazing in place
Potential to convert/reconfigure to increase rental income (subject to consents)
Cavity walls assumed uninsulated; property needs modernisation/refurbishment
Located in a very deprived area with above-average crime statistics
On-street parking only; no off-street parking or allocated spaces
Strong gross yield (~12.7% at asking price) but requires active management
A first-floor, two-bedroom flat offered freehold and currently let at £110 per week (approx. £5,720pa), presenting a strong gross yield of about 12.7% at the £45,000 asking price. The apartment sits in an early-20th-century terrace and benefits from gas central heating, partial double glazing and a compact rear yard. It can be sold with or without the existing tenant, giving flexibility to investors or buyers seeking immediate income.
The accommodation is straightforward: two bedrooms, lounge, kitchen and bathroom within approximately 689 sq ft. There is clear scope to enhance rental income or resale value: the vendor notes potential to reconfigure the layout to a four-bedroom HMO or larger-yielding unit, subject to consents and local demand. The property will suit an investor happy to carry out refurbishment and management or a buyer wanting an income-producing asset.
Buyers should factor in the local context. The neighbourhood is in a very deprived area with above-average crime statistics, which may affect tenant profiles and lettings strategy. The building’s cavity walls are assumed uninsulated, and the flat will require modernisation to achieve higher rents or long-term capital growth. On-street parking only and standard ceiling heights reflect the practical, urban character of the property.
Overall this is a hands-on investment proposition: strong current income and clear upside from refurbishment or conversion, balanced by additional works, management attention and local market challenges.
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