Investor-ready city flat with immediate rental income and gated parking.
12.5% quoted annual yield with tenant in situ and immediate income
Sold for investors only — no chain, tenants remain in place
14th-floor flat with lift access and secure gated parking
Approx. 636 sq ft; traditional two-bedroom layout
Long lease (977 years), small ground rent (£150)
Service charge approximately £2,600 per year
Heating is electric room heaters; EPC rating D
Area shows very high deprivation — strong yields, limited capital growth potential
This 14th-floor flat is offered specifically to investors and arrives with tenants in situ, delivering immediate rental income and a quoted 12.5% annual yield. At about 636 sq ft the two-bedroom layout is a straightforward traditional plan on a high-rise block with lift access and secure gated parking.
Ownership is leasehold with a long remaining term (977 years). Regular outgoings include an average service charge of £2,600 and a small ground rent of £150. Heating is electric (room heaters) and the property currently holds an EPC rating of D.
The building sits in an urban cultural-mix neighbourhood close to public transport, local shops and schools, which supports tenant demand. Note the surrounding area records high deprivation statistics — this helps sustain rental yields but may affect capital-growth prospects.
Important practical points: the flat is sold with tenants in place (no chain) so vacant possession is not available. The home is in decent condition but uses electric heating and has a mid-range EPC; possible upgrade work could reduce running costs and improve re-letting prospects.
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