Two-bed buy-to-let with existing income and refurbishment upside for investors.
Freehold two-bedroom end terrace, circa 710 sq ft
A compact two-bedroom end-of-terrace in Wellington offering straightforward buy-to-let potential. The property is freehold, produces an existing annual gross income of £6,600 and currently has long-term tenants in situ, making it a hands-off addition to an investor portfolio.
The house is a Victorian-era terrace with small forecourt and rear yard, typical of inner-urban stock. Internally the kitchen and bathroom are dated and the property will require updating to boost rental value or resale price. On-street parking and fast broadband add practical appeal for tenants.
Material considerations: the area records high crime and very high deprivation indices, which may affect tenant profile and management needs. The current tenancy is long-standing and the tenants intend to remain; a buyer should review the Let Property Pack and tenancy paperwork carefully. A buyer's premium is noted in the sale documentation.
This is a clear refurbishment/investment opportunity for landlords or developers prepared to manage tenant relations and carry out targeted improvements to increase rental income and capital value.
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