Gated flat with parking and immediate rental income potential.
Long-term tenants in situ producing £12,600pa (current income)
This two-bedroom apartment in Meadow Court is presented as a ready-made buy-to-let with long-term tenants in place. At 657 sq ft, the flat is well maintained and offers contemporary fixtures, a balcony and gated parking — practical features that appeal to rental markets and reduce immediate refurbishment costs.
The property currently produces a gross annual income of £12,600 (approx. 7.9% gross yield). Reletting at local market rates suggests potential to increase income to about £13,800 (approx. 8.6% gross yield), making the asset attractive for investors seeking steady cashflow and low-management uplift.
Practical considerations are clearly stated: the tenure is leasehold with a 999-year term, and the apartment benefits from two bathrooms including an en-suite. The building sits in a mixed urban area with good transport links and local amenities, while crime levels in the immediate area are above average — a factor to weigh when assessing tenant profile and insurance costs.
A Buyers Premium will apply to secure purchase, and tenants are currently situated which may limit immediate vacant possession. For buyers seeking a hands-off investment or a portfolio addition with clear income figures, this flat offers immediate returns and modest upside with limited upfront work.
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