Summary - Flat 2 Clare House, Grove Road North PO5 1JL
1 bed 1 bath Flat
Ground-floor studio sold with tenant; immediate rental income and parking included..
Tenant in situ — rent £850 pcm, gross yield c.10.2%
A compact ground-floor studio offered to investors with a tenant in situ and immediate rental income of £850 pcm (gross yield c.10.2%). The flat includes a private paved courtyard, garden shed and an allocated off-street parking space — useful income-supporting extras for a small unit.
Set within a Victorian building (pre-1900) the 25 m2 / 269 ft2 studio is open-plan with an adjacent ensuite bathroom and double doors to the courtyard. The property currently scores EPC band D and sits in council tax band A. Broadband speeds are fast and mobile signal is excellent for tenant appeal.
Important investor facts: the long lease started in 1986 (125 years), current ground rent £50 pa rising to £75 in 2026, and the flat is sold with the tenant in situ — viewings subject to tenancy. The building shows signs of external wear and dated communal areas; internal modernisation may be needed to increase capital value or rental upward potential.
Be mindful of location-specific negatives: the area is classified as deprived with higher local crime levels, and the building has solid brick walls likely without cavity insulation. This is a clear short-term income opportunity for a buy-to-let investor who accepts modest maintenance and upgrade work to realise longer-term returns.
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