Immediate rental income with refurbishment potential in a city high-rise.
Freehold 2-bed flat, circa 657 sq ft
A practical buy-to-let in a 1970s high-rise, offered with long-term tenants in place. The flat spans about 657 sq ft, with two bedrooms, a lounge, contemporary kitchen and a triple-fixture bathroom — a straightforward rental home that has been maintained and presents immediate income.
Current gross income is £8,400pa with scope to increase to an estimated market rent of £9,336pa. Freehold tenure and excellent mobile signal/fast broadband make the flat attractive to long-term renters and investors seeking immediate yield and a low-management addition to a portfolio. The building sits in an urban, high-density setting with nearby amenities and good transport links.
The interior shows dated elements: low ceilings in parts, single-glazed windows, older carpets and decor that will need modernization to achieve higher rents or owner-occupier appeal. The surrounding area is described as very deprived and locally characterised by constrained renters; factor this into rental strategy and valuation assumptions. A buyers’ premium is payable on purchase; check the Let Property Pack for full tenancy and financial details before bidding.
Suitable for investors and developers ready to manage refurbishment or maintain the existing tenancy. The property’s strengths are immediate rental income, freehold status and fast connectivity; its constraints are the local area profile, need for internal updating and communal high-rise living considerations.