Established tenant, reliable rental income and room for value-add improvements.
Annual gross income £10,200 currently from existing tenancy
This three-bedroom semi-detached house on Shrewsbury Road is offered as a buy-to-let opportunity with an established tenant in situ. The property produces a current gross income of £10,200 per year, giving a strong income return relative to the asking price—appealing for investors seeking immediate cashflow.
Internally the house is in good, lettable condition with a modern kitchen, a spacious lounge and a three-piece bathroom. Practical features include a driveway for off-street parking and a decent rear garden—useful for tenant retention and future value improvements. The property is freehold and sits within walking distance of local amenities and several good-rated schools.
Buyers should note the exterior appears dated and the roof may need maintenance; some cosmetic or roof works are likely if aiming to increase capital value. The area has elevated crime levels and is classified as very deprived, which can affect long-term capital growth—important for buy-and-hold strategies.
The current tenant has a documented history of consistent payments and intends to remain, providing rental stability. A Let Property Pack is available with further tenancy and income details. A buyer’s premium applies on sale—factor this into total acquisition costs.
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