Immediate rental income with 11% gross yield potential for investors.
- Two self-contained apartments within a detached block
This listing is a ground-floor two-bedroom apartment within a detached block split into two self-contained units. Both apartments are currently let at £550 pcm, producing a combined monthly income of £1,100 and an approximate gross yield around 11% at the £130,000 asking price. The building includes separate gas and electric meters, UPVC double glazing and mains gas central heating.
Practical for buy-to-let buyers, the accommodation is compact with small-to-average rooms, neutral finishes and straightforward fixtures. Off-street parking to the front and a garden to the rear add tenant appeal. The property appears in fair, tenant-ready condition with low immediate maintenance needs, though redecoration and updating would improve long-term rents and capital value.
Be aware of material local factors: the area is classified as very deprived with high local crime levels, and the neighbourhood profile is mainly young, hard-pressed families. These factors affect tenant demand patterns and management requirements but are reflected in the current rental income and low council tax banding.
For an investor seeking immediate rental income and hands-off cashflow, this freehold split-block offers a simple entry with separate meters and daily essentials nearby. Buyers seeking family living space or a high-growth residential flip should note the compact footprint and local socio-economic challenges, which limit its appeal as a conventional large-family home.