Summary - ALMA COTTAGE, 26, THORESBY STREET NG18 1QF
3 bed 1 bath Detached
Immediate rental income with modest uplift potential for portfolio buyers.
Three-bedroom Victorian detached with long-term tenants in situ
A compact three-bedroom Victorian detached house currently let to long-term tenants, offering immediate rental income and straightforward entry to a buy-to-let portfolio. The property is tidy and well maintained internally, with a lounge, kitchen and a three-piece bathroom; broadband is fast and mobile signal excellent — useful for modern tenants.
The current gross income is £9,000 pa, with a modest uplift to market rent estimated at £9,084 pa. At the asking price of £115,000 this presents an income-producing purchase for investors seeking a hands-off addition with an established tenancy in place.
Note the property sits on a small plot with limited vehicular access and likely no dedicated off-street parking. The local area is classified as very deprived and crime levels are very high — factors that will affect tenant profiles and void risk. The house is small (approx. 775 sq ft) and would benefit from selective updating to maximise rental value.
A buyers premium applies on sale; for full tenancy figures and the Let Property Pack consult the detailed documentation before offer. This is best suited to investors or developers comfortable purchasing in higher-risk urban neighbourhoods and managing refurbishment or active tenancy oversight.
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