Summary - 80 - 92 FLAT 1 MOORGATE RETFORD DN22 6RR
1 bed 1 bath Flat
**Standout Features:**
- 1 Bedroom Flat located in Retford
- Currently rented with reliable long-term tenants
- Annual gross income of £6,600, potential to increase to £7,476
- Modern kitchen and spacious lounge
- Leasehold tenure
**Concerns:**
- High crime rate in the area
- Surrounding neighborhood classified as very deprived
- Condition may require some renovations for optimal returns
**Summary:**
This 1-bedroom flat in Retford is a prime opportunity for serious investors seeking a reliable addition to their property portfolio. Currently tenanted by dependable occupants who intend to remain, the property generates a steady annual gross income of £6,600, with potential for higher returns at market rates. Inside, you’ll find a spacious lounge adorned with modern aesthetics, and a contemporary kitchen designed for comfort.
While the flat is part of a post-war utilitarian block, the area does present some concerns, including a high crime rate and signs of deprivation. Despite this, the property is conveniently located near essential amenities such as grocery stores, pubs, restaurants, and public transport, making it attractive for future tenants.
This flat offers not only a current income but also the flexibility for renovations, allowing you to enhance its value further. Given its appealing rental potential and current occupancy, this opportunity won't last long—act quickly to secure your investment in this up-and-coming location.
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