Summary - PROSPECT COURT 7 TERRACE ROAD PARKGATE ROTHERHAM S62 6FN
1 bed 1 bath Flat
Immediate rental income with long-term tenant in a central town location.
Tenant in situ with several years' continuous rental history
Annual gross income £6,120 — c.7.5% gross yield at £82,000
Leasehold tenure — check lease length, ground rent and service charges
On-street parking only; no private garden or substantial outdoor space
Property approx. 495 sq ft; interior condition not independently verified
Located in a very deprived area with a very high local crime rate
Buyers' premium applies to secure purchase — factor into costs
Suitable for buy-to-let investors; vacant possession unlikely without negotiation
A one-bedroom leasehold flat in Prospect Court, Terrace Road, offered with a long-term tenant in place — an immediate income-producing addition to a buy-to-let portfolio. The property measures about 495 sq ft and currently yields a gross rental income of £6,120 per year (c.7.5% gross on the asking price), making it attractive to investors seeking steady returns rather than owner-occupation.
The flat sits within a three-storey red-brick block in an urban part of Rotherham with on-street parking and basic local amenities within easy reach. Interiors are described as contemporary open-plan living with laminate flooring and double glazing; however no internal condition report is provided here, so buyers should verify the state of fixtures, services and communal areas before purchase.
Important practical points: the property is leasehold, in a very deprived area with a very high local crime rate, and a buyers’ premium will apply as part of the sale process. The current tenants have occupied the flat for several years and intend to remain, so vacant possession is not available on completion unless otherwise negotiated.
Overall this is a straightforward, let-let investment aimed at buyers prioritising yield and immediate income. It offers simple management potential and rental continuity, but investors should factor in the neighbourhood profile, service/lease obligations, and undertake full due diligence on condition, tenancy terms and any fees before committing.
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