Affordable buy-to-let with immediate income and refurbishment upside in Seaton Delaval..
- One bedroom first-floor flat with lounge, kitchen and bathroom
- Currently tenanted, producing £400 pcm immediate income
- Leasehold: 101 years remaining
- Double glazing installed after 2002
- No central heating system; electric heaters assumed
- Kitchen dated with tile and floor damage; needs refurbishment
- Service charge £800 per year; council tax very low
- Area has higher crime and local deprivation risks
A compact one-bedroom first-floor flat in Seaton Delaval, offered with an existing tenant paying £400 pcm. The property is leasehold with 101 years remaining and benefits from double glazing fitted after 2002 and an EPC rating of D. At the asking price of £45,000 this presents a straightforward entry-level investment with immediate rental income.
Accommodation is modest: entrance hall, lounge, bedroom, kitchen and bathroom. The building dates from the late 1960s/early 1970s and the flat shows signs of wear — the kitchen is dated with tile and floor damage and the property would benefit from cosmetic updating and possible system upgrades. There is no central heating system present; electric heaters are currently assumed to be in use.
Practical considerations are clear: service charge is £800 (below average) and council tax is very low, but the wider area records higher crime and is classified as deprived. The location is well served by local amenities, bus links and several ‘Good’ rated schools nearby, which helps tenant demand. For an investor seeking an affordable, low-entry buy-to-let with immediate cashflow and scope for value-add refurbishment, this flat is worth viewing. For owner-occupiers, the property’s small size, condition and neighbourhood profile should be weighed carefully.
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