Long-standing tenant and long lease offer immediate income for buy-to-let investors..
Reliable rental income £575 pcm from long-standing tenant
231 years remaining on 250-year lease (from Jan 2006)
559 sq ft two-bedroom apartment, modern development
EPC rating C, double glazing installed
Electric room heaters — higher running costs than gas
Service charge approx. £1,205 pa; ground rent £100 pa
Located in a very deprived area with very high crime levels
Fast broadband and excellent mobile signal, low council tax
This purpose-built two-bedroom apartment in Sidings Court is presented as a straightforward, turn-key buy-to-let with a long-standing tenant paying £575 pcm. The property occupies 559 sq ft of living space and sits on a 250-year lease started in January 2006, leaving 231 years remaining — providing long-term tenure security for investors.
The development is modern with double glazing and an EPC rating of C. Low-maintenance construction and an already-let status reduce immediate management time, making it suitable for a hands-off portfolio addition. Fast broadband and excellent mobile signal support tenant demand in this urban location.
There are material considerations: the property uses electric room heaters rather than a central gas system, service charges average £1,205 per year and ground rent is £100 per year. The surrounding area shows very high crime levels and is classified as very deprived, which can affect lettings, re-letting speed and capital growth prospects. Council tax is low, which may help tenant affordability.
Overall, the flat offers a reliable income stream and long lease security, but investors should factor in area social indicators, running costs linked to electric heating, and annual service charges when assessing net yield and exit strategy.
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