Steady rental income and private parking in an architecturally striking conversion.
Two bedrooms, one bathroom, lounge and kitchen
Annual gross rental income £10,800; immediate income stream
Approximate gross yield c.6.5% (based on asking price)
Converted Gothic Revival building with high ceilings and character
Off-street private parking; shared front garden only
Leasehold tenure — check lease length and service charges
Long-term tenants in situ and not intending to vacate
Located in a very deprived area with above-average crime levels
This two-bedroom apartment sits within The Brooks, a converted Gothic Revival building on Crocketts Lane. Its period features—high ceilings and arched windows—give character and appeal to tenants seeking distinctive city living. The current long-term tenancy generates a steady gross income, making the property attractive to buy-to-let investors looking for an immediate return.
The flat includes a lounge, kitchen, two bedrooms, a three-piece bathroom and an off-street parking space. The property produces an annual gross rental income of £10,800 against a guide price of £167,500 (gross yield approximately 6.5%). A shared front garden and private parking add practical benefits for tenants.
Important considerations are factual and material: the tenure is leasehold, the property sits in an area described as very deprived with a high local crime level, and a Buyers Premium will apply to secure the sale. The tenants have occupied the flat for several years and are not intending to leave, so buyers should expect immediate continuity of income and will need to manage tenant transfer arrangements.
For investors this is a near-term income opportunity with period character and tenant stability, but it will require due diligence on lease terms, service/management arrangements for a converted building, and local market risks. A Let Property Pack is available for detailed investment figures and tenancy documentation.
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