Income-producing terrace with long-term tenants and near transport links.
- Freehold three-bedroom terraced house, approx. 710 sq ft
- Currently let with long-term tenants; annual gross income £8,700
- Small private rear garden; street parking only
- Property requires modernisation to increase rental value
- Local area: high crime and very deprived — factor market risk
- Compact plot and small overall size limits extension potential
- Buyers' premium applies on sale; check sale costs and tenancy terms
A compact three-bedroom terraced home in L6, offered freehold with a long-term tenant in situ. The property currently produces a gross annual income of £8,700, making it a straightforward buy-to-let addition for a landlord seeking immediate rental return. Its traditional red-brick façade and double-glazed windows show basic upkeep; internal spaces will benefit from modernization to maximise future rents.
Location is central to local amenities, schools and public transport links, supporting steady tenant demand in the area. The rear patio garden is private but small; parking is on-street. Crime levels and area deprivation are high locally, so buyers should factor local market conditions into their strategy.
The house may appeal to investors wanting an income-producing asset that can be improved over time. Tenants have occupied the property for several years and intend to remain, which provides rental stability but limits immediate vacant-possession options. A buyers’ premium applies on sale — confirm any extra fees before bidding.
Important practical points: the property is modest in size (approx. 710 sq ft) and will likely need internal updating and possible reconfiguration to increase capital or rental value. Prospective purchasers should review the Let Property Pack and arrange surveys and tenancy checks to verify rental agreements, income and any repair liabilities.
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