Compact income-producing flat with gardens and stable tenancy.
Long-term tenants in situ, producing £4,200 gross yearly income
A compact one-bedroom leasehold flat on Acaster Drive offering immediate rental income and straightforward management. The property includes small front and rear private gardens, on-street parking and a single bathroom — a simple layout that appeals to buy-to-let portfolios.
The current tenancy produces £4,200 gross per year against a guide price of £57,624, giving a gross yield of about 7.3% (gross). Long-term tenants are in situ and report no intention to vacate, so the income stream is stable and suited to investors seeking hands-off returns.
Buyers should note the flat’s modest size (c. 441 sq ft) and leasehold tenure. The property sits in a deprived area with higher-than-average local crime rates, which may affect tenant demand and capital growth. There is also a Buyers Premium payable on purchase — factor this into acquisition costs.
Overall, this is a pragmatic investment for purchasers prioritising immediate income and low refurbishment need. It suits investors or developers looking to add an income-producing, easily managed unit to a wider portfolio, provided they accept the location’s socio-economic challenges and leasehold status.
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