Low entry price and long lease for buy-to-let or refurbishment potential.
- Ground-floor 2 bed, 2 bath with open-plan lounge/kitchen
- Private outdoor patio accessed from main bedroom
- Long lease remaining: 107 years
- Low annual ground rent £180; service charge TBC
- Electric room heaters; no central heating system
- Very high local crime and very high area deprivation
- Offered at low price point, suitable for buy-to-let
- Broadband average; mobile signal excellent
A compact ground-floor flat arranged as a large open-plan lounge/kitchen, two bedrooms and two bathrooms, set in a period stone building. The main bedroom opens onto a small private outdoor patio, providing useful amenity for tenants or short-stay lets. The layout and natural light make the apartment straightforward to rent out or manage as an entry-level buy-to-let.
This is offered as a clear investment proposition: long lease (107 years remaining), low annual ground rent (£180) and a modest asking price. The building has double glazing and is in a secure, walled courtyard setting, which helps with tenant appeal in an otherwise busy urban location.
Important considerations: the property is leasehold with service charges to be confirmed, heating is electric room heaters rather than a central system, and the surrounding area records very high crime and very high deprivation. These local factors affect rental yields, tenant demand and management overheads and should guide pricing and insurance decisions.
The flat suits an investor comfortable operating in an inner-city market where yields are driven by low purchase price and turnover. Buyers should allow for potential higher management costs, targeted safety checks, and possible refurbishment to improve thermal performance and tenant desirability.
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