Income-producing unit with scope to improve and increase value.
Tenant in situ producing £9,000 gross annually
A straightforward investment in Weston-Super-Mare: this one-bedroom, 484 sq ft flat is currently tenanted and producing a gross annual income of £9,000 (approximately a 7.5% gross yield at the asking price of £120,000). The property sits within a Victorian multi-storey building offering character features such as high ceilings and large arched windows, and includes an off-street parking space — useful for tenant demand.
The flat requires refurbishment: interior photos and descriptions show unrenovated plaster walls, unfinished floors and general renovation work needed. That creates clear scope to add value through cosmetic and targeted improvements, but buyers should budget for works and obtain appropriate surveys. The tenure is leasehold with 977 years remaining, so long lease length is favourable for investors.
Location strengths include close access to local amenities, fast broadband and excellent mobile signal, supporting continued rental demand. Material negatives to note: the wider area is flagged as deprived, which can affect long-term capital growth and tenant mix; a Buyers Premium applies on sale; and the flat is average-sized so some investor buyers may prioritise higher-square-foot units.
Overall this is a buy-to-let opportunity aimed at investors or developers looking for an income-producing, character flat with refurbishment potential and a secure long lease. The current tenancy and income reduce immediate void risk, but prospective purchasers should factor in renovation costs and local area dynamics before bidding.
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