Ready-made rental with balcony and parking in a well-connected city location.
Long-term tenant in situ with consistent rental payments
A one-bedroom, 797 sq ft flat in a high-rise block on Conway Street, offered as a buy-to-let with a long-term tenant in situ. The flat includes an open-plan living/kitchen, balcony and allocated off-street parking — practical features for city renters and easy lettings in a well-connected area. The property currently produces a gross annual income of £8,400, giving an attractive gross yield of around 12% at the asking price of £70,000.
This is a straightforward acquisition for an investor seeking immediate rental income and minimal void risk: the existing tenant has paid consistently and does not intend to leave. Broadband and mobile signal are reported strong, and the block is in a location with close access to shops, public transport and local amenities popular with students and young professionals.
Important considerations: the property is leasehold (specific lease length, service charge and ground rent details are not provided) and sits in an area with high crime rates and very high deprivation, which can affect management costs, insurance and tenant profiling. A Buyers Premium will apply to secure the sale. Prospective purchasers should review the Let Property Pack for full tenancy, lease and service-charge information and factor in ongoing communal maintenance and potential refurbishment costs.
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