Summary - 66a, Loftos Avenue FY4 3HA
2 bed 1 bath Flat
Immediate income with refurbishment potential in a well-connected location.
Two self-contained one-bed flats, both currently let
A mid-20th-century semi-detached house converted into two self-contained one-bedroom flats, offered freehold and currently let. The flats generate £525 pcm each (total £1,050 pcm / £12,600 pa), giving a strong gross yield around 14% at the asking price of £90,000. Both flats have a lounge, kitchen and bathroom; the ground floor also includes a utility room and the first floor has a separate WC.
The property is practical for a hands-off investor seeking immediate income: tenants can remain in situ, and the building includes a front and rear garden plus off-street parking. Heating is mains gas with a boiler and radiators; glazing is double but install dates are unknown. Council Tax Band A keeps running costs low for occupants.
Buyers should note clear drawbacks: the area scores high for crime and is very deprived, which may affect tenant demand and re-letting value. The house appears dated and in need of maintenance and cosmetic updating; photos/description indicate discoloured ceilings and general wear. Factor refurbishment costs and potential management responsibilities into return calculations.
This is a straightforward investment with immediate rent, scope for value uplift through targeted refurbishment, and modest running costs. It suits investors comfortable operating in higher-risk locations or those seeking a renovation project to increase capital value and rental income.
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