Income-ready 4-bed flat with a long-term tenant and strong headline yield potential..
Long-term tenant in situ producing £14,400 gross annually
Purchase price £103,000 — strong headline rental yield potential
Freehold flat with fast broadband and excellent mobile signal
Located in cosmopolitan student neighbourhood — high rental demand
No private garden or garage; limited external space
Mid-20th century building; interiors require modernization to upscale value
Very deprived area classification may affect resale prospects
Buyer’s premium applies on sale — factor into total acquisition cost
A four-bedroom flat on Seamount Road offered with a long-term tenant in place — a ready-made buy-to-let for investors seeking immediate income. The property currently produces £14,400 gross per year against a purchase price of £103,000, delivering strong headline returns before costs. Tenant wishes to remain, so the sale is likely to suit a purchaser wanting stable rental cashflow without voids.
The building dates from the mid-20th century with a brutalist, terraced form. Interiors are well maintained but basic: medium-sized living space, modest bedroom dimensions and generally low ceilings. The flat will suit investors or developers prepared to modernise finishes to boost rental value; some updating is likely to be needed to achieve higher yields and attract different tenant types.
Practical positives include freehold tenure, excellent mobile signal and fast broadband—valuable in a student/cosmopolitan neighbourhood—and no flood risk. Material drawbacks to factor into purchase are the very deprived local area classification, absence of private garden or garage, low ceilings, and the application of a buyer’s premium to secure the property. These affect resale and lettability choices and should be priced into any offer.
Overall this is a functional, income-producing unit in a strong rental location. It will appeal most to serious investors or developers who prioritise immediate returns and are comfortable managing tenant continuity and targeted upgrading works to realise further capital or rental growth.