Let until 2026 with reliable £715pcm income and long lease—ideal cashflow purchase.
Let until 11/03/2026 achieving £715 pcm
A compact one-bedroom studio in a modern 2015 block, currently let and generating immediate rental income. The property is held on a long lease (989 years remaining) and sits close to universities and central amenities, making it straightforward to re-let to students or young professionals. Annual service charge and ground rent are notable costs: approx. £2,426.91 and £334.21 respectively, so factor into net yield calculations. Broadband speeds are reported very slow and heating is by electric room heaters; these are practical drawbacks for tenant comfort and future running costs. The building holds an EWS-1 B1 certificate. The apartment will be sold at auction via Secure Sale online bidding and is tenanted until 11/03/2026 at £715 pcm, providing immediate income but no vacant possession on completion. Crime levels in the area are reported very high; buyers should consider insurance and management arrangements. Overall this is a low-priced, income-producing central property suited to investors comfortable with service charges, modest tenant-focused upgrades, and city-centre letting dynamics.
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