Two-bedroom investment with recent internal upgrades and reliable rental income.
Tenant in situ, currently achieving £650pcm
A two-bedroom mid-terrace offered freehold with a tenant in situ, currently producing £650pcm (£7,800pa). The interior was upgraded in 2020 with new electrics and a combi gas boiler; the property benefits from double glazing and a modern fitted kitchen with built-in oven and hob. At c.743 sq ft and two reception rooms, the layout suits buy-to-let or first-step investors seeking steady rental income.
The property sits in a constrained, blue-collar terrace area with very high recorded crime and very high area deprivation. The small plot and tightly packed street reflect the local context; services and public transport are close and commuter routes (A50) are convenient. EPC rating D; council tax described as very cheap.
Buyers should note the tenant remains in occupation on sale, so vacant possession is not immediate. The building is traditional solid-brick (likely no insulation in walls) and exterior features shown suggest some external maintenance may be desirable. These factors and the local area profile will affect resale and tenant demand but support a competitive gross yield at the current rent level.
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