Let tenant in place with steady income — ideal for rental portfolio growth.
• Two bedrooms and two bathrooms in a mid-rise apartment block
• Long lease remaining (981 years) — strong tenure security
• Let to long-standing tenants; generates £8,400 gross pa income
• On-street parking; central high‑street location with good footfall
• Area classified as very deprived; high local crime rate
• Buyer's Premium will be applied to secure purchase
• Average broadband speeds; excellent mobile signal
• Limited communal/outdoor space; no private garden
A two-bedroom, two-bathroom flat on Lord Street presented primarily as a buy-to-let opportunity. The property benefits from a long lease (981 years), on-street parking and an established tenancy producing a gross annual income of £8,400, making it suited to investors seeking immediate rental returns in a central location.
The building is a mid-rise, modern apartment block with small balconies and limited communal outdoor space. The flat is described as average-sized with contemporary internal decor; broadband speeds are average and mobile signal is excellent. There is no flooding risk and external condition appears reasonable from street level.
Important drawbacks for buyers: the surrounding area is classified as very deprived with a high local crime rate, which may affect tenant demand, insurance and management costs. The property is leasehold and marketed with a buyer’s premium; purchasers should review the Let Property Pack, tenancy schedule, EPC and a measured survey before offer.
This listing is aimed at investors and developers who prioritise income and central location. The existing tenants intend to remain, providing immediate cashflow, but limit vacant-possession options. Factor in additional due diligence on legal costs, management responsibilities and local market dynamics before proceeding.
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