Ready-income one-bed with parking and terrace, suited to buy-to-let portfolios.
One-bedroom flat, approximately 495 sq ft
A compact one-bedroom flat in Dock Street presented primarily as a buy-to-let. The apartment is well maintained, set within a contemporary multi-storey block, and benefits from a modern kitchen and bathroom, off-street parking and a south-facing terraced sitting area. At about 495 sq ft, rooms are reasonably spacious for the size and the property has reliable digital connectivity.
This is an income-led proposition: the current tenancy produces a gross annual income of £10,200 and the seller’s guidance suggests a market rent potential of around £15,600. The existing tenant has occupied the property for several years and intends to remain, providing immediate, steady cashflow but likely preventing vacant-possession sales without notice.
Practical points for investors: the local area is classed as a cosmopolitan student neighbourhood within a wider migrant-commuter classification and is served by numerous amenities and public transport links. There is no reported flooding risk and mobile and broadband performance are strong. However, the postcode area is flagged as very deprived, which can affect long-term capital growth and tenant mix.
Material drawbacks are straightforward: tenure is recorded as unknown in the listing, a Buyers Premium applies to the sale, and the property’s investor focus means any purchaser should review the Let Property Pack and tenancy terms closely. If you need a ready-income addition to a portfolio and are comfortable with a tenant in situ and the area profile, this presents a clear, manageable investment opportunity.
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