Two-bedroom ground-floor flat with tenant in situ and allocated parking..
- Investment opportunity with tenant in situ and immediate income
- Ground-floor two-bedroom layout, approximately 582 sq ft
- Allocated off-street parking space and secure intercom entry
- Very long lease remaining (around 980 years)
- Heating via electric room heaters; no central gas
- Slow broadband in the area may affect renters/work-from-home
- Located in a very deprived area; local demand can be mixed
- Council tax band very low, aiding tenant affordability
A straightforward investment in a modern ground-floor two-bedroom flat with a tenant in situ, offering immediate rental income and an indicated current yield of about 8%. The apartment sits in a 2007–2011 brick block with allocated off-street parking, secure intercom entry and communal landscaped areas — practical features that support long-term lettability.
Internally the accommodation is compact (approximately 582 sq ft) with a medium-size modern kitchen, a large living room and one bathroom. Windows provide decent natural light; double glazing is in place. Heating is by electric room heaters and the property is powered by electricity rather than gas, which affects running costs and tenant appeal. Broadband speeds in the area are currently slow.
Key positives are the very long lease (c.980 years), allocated parking and immediate rental income from the sitting tenant. Material considerations include the leasehold tenure, electric heating, slow broadband, and that the area is classified as very deprived — factors that can influence future capital growth and tenant demand. Council tax is very low, which may assist affordability for tenants.
This flat suits investors seeking a hands-off income with potential to improve yield through management or modest upgrades. It may also appeal to first-time buyers who are comfortable with a ground-floor apartment and electric heating, but buyers should budget for operational costs and recognise the socio-economic context of the neighbourhood.