Low-service-charge BTL with long lease and tenant in situ, ready for steady income.
Tenant in situ with £6,420 annual income (gross yield ~8%)
A compact, low-hassle buy-to-let: this one-bedroom ground-floor flat is offered with a long-term tenant in situ and a gross rental yield around 8% (annual income £6,420). The lease is exceptionally long (960 years) and service charges are low at £360pa, making ownership straightforward for an investor seeking steady income and minimal immediate ownership costs.
The accommodation is small but functional: sitting/dining room with French doors, a separate compact kitchen, double bedroom with fitted wardrobe and a modern bathroom. The flat has double glazing and electric storage heating. One allocated off-street parking space and a small gravel area directly outside the French doors add practical value for tenants.
Material drawbacks are clear and are stated for transparency: the property is compact (circa 350–395 sq ft) so it suits single occupants or couples rather than families. Heating is electric storage—this means higher running costs and limited appeal to some tenants. The surrounding area registers high deprivation and above-average crime, which may affect tenant demand and future capital growth. The kitchen is dated and would benefit from refurbishment to maximise rent or re-letting speed.
For investors prioritising yield and low management input, this flat is a practical option. Full maintenance history is available, the tenant is already in situ, and obvious quick wins include cosmetic kitchen updates and improved energy measures to reduce running costs and broaden tenant appeal.
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