Income-producing one-bed with tenant in place and strong rental yield potential.
One bedroom flat in converted mill block with communal parking
A one-bedroom leasehold flat in a red-brick converted mill, offered with a sitting tenant and immediate rental income. The property is arranged within a multi-unit block with communal private parking and a modest external courtyard — a straightforward addition for a buy-to-let portfolio.
Income-producing from day one: the flat currently returns £8,280 pa in gross rent against a guide price of £79,000, making it attractive to investors seeking yield and low vacancy risk. The tenant has occupied the property for a year and intends to remain, simplifying transfer for a purchaser who wants steady cashflow.
Practical considerations: the building sits in a deprived, high-crime area which can affect tenant demand and long-term capital growth. Internal photos and detailed floorplans are not provided; internal modernisation may be required to maximise rental value. A buyer’s premium applies to the sale process — factor this into acquisition costs.
Suitable for investors and developers who prioritise rental yield and hands-off ownership. Recommended next steps are reviewing the Let Property Pack, checking tenancy paperwork, and arranging an internal inspection to confirm condition and refurbishment needs.
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