Summary - 51 COLINTON SKELMERSDALE WN8 9AB
3 bed 1 bath Terraced
Long-term tenant and immediate rental income with uplift potential.
Freehold three-bedroom mid-terraced house, 883 sqft
A straightforward buy-to-let with an established long-term tenant, this three-bedroom mid-terrace in Skelmersdale is aimed at investors seeking immediate rental income. The property is freehold, average-sized (883 sqft) and currently returns a gross income of £7,500 per year, with potential to increase to around £9,000 at market rent. That equates to an approximate gross yield of 7.2% now, rising to about 8.7% at the higher rent based on the asking price of £104,000.
The house is practical and solidly built (1970s brick terrace) with a lounge, kitchen, bathroom, three bedrooms and a small rear garden. Interiors are serviceable but somewhat dated, so there is straightforward scope for modest refurbishment to lift rent and capital value. The current tenants have a long tenancy history and have consistently paid rent, offering immediate cashflow and minimal downtime between tenancies.
Considerations for buyers: the property sits in a deprived area which may affect long-term capital growth and tenant mix. Outdoor space is small and requires lawn care. A Buyers Premium will apply on sale, and purchasers should review the Let Property Pack for full tenancy and financial details before committing. This is best suited to serious investors or developers comfortable managing a letting in a hard-pressed neighbourhood and executing light to moderate improvements.
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