Affordable refurbishment opportunity with parking and communal gardens.
No onward chain; long lease (967 years) makes purchase straightforward
Ground-floor two-bedroom flat — total area about 541 sq ft
Requires renovation throughout; cosmetic and systems upgrades likely
Potential rental income circa £600–£625 PCM after improvements
Off-street parking to rear and well-kept communal gardens
Electric storage/room heaters — potentially higher running costs
Small second bedroom; property best for singles/couples or tenants
Local area: very deprived with high crime — affects management/rentability
This ground-floor two-bedroom flat is offered with no onward chain and a long remaining lease (967 years), making it straightforward for an investor or buyer seeking a quick purchase. The building sits in a modern development with communal gardens and a rear car park providing off-street parking — practical assets for lettings.
The property requires improvement throughout: cosmetic and likely some electrical/heating upgrades are needed, and the current heating is electric storage/room heaters which can be costly for tenants. The flat is small (approximately 541 sq ft) and bedroom two is compact, so it suits couples, singles or tenants looking for affordable accommodation rather than families needing large rooms.
There is clear rental potential once refurbished. Current guidance suggests a post-improvement rent of around £600–£625 pcm, which could deliver steady yield given the low asking price and very low council tax. Important local considerations: the area is classified as very deprived and crime levels are high, factors that will influence tenant choice and management needs.
In short, this is a value-driven, buy-to-let opportunity for someone prepared to carry out refurbishment. The long lease, communal outdoor space, and off-street parking are positives, but budget realistically for renovation, possible heating upgrades, and ongoing management given local area challenges.
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