Immediate rental income with long-term tenants in a character conversion.
- Three bedrooms in a Victorian converted block
- Communal off-street parking and shared front/back gardens
- Current annual gross rent £13,200; tenant in situ
- Guide price £160,000 (approx. 8.25% gross yield)
- Leasehold tenure; Buyers Premium applies on purchase
- Property size small: 646 sq ft, multi-storey layout
- Very slow broadband; consider connectivity investment
- Local area: very deprived and above-average crime rates
A three-bedroom leasehold apartment in a converted Victorian block, offered with a long-term tenant in place. The block presents attractive external character with communal off-street parking and modest shared garden space, keeping external maintenance low for an owner.
The property currently produces a gross rental income of £13,200 per year against a guide price of £160,000 (approx. 8.25% gross yield). Tenants have occupied the flat for several years and intend to remain, making this a straightforward buy-to-let for an investor seeking immediate income.
Notable practical points: the flat is small (646 sq ft), broadband speeds are reported as very slow, and the surrounding area is classified as very deprived with above-average crime levels. The sale is leasehold and a Buyers Premium will apply on purchase. Prospective buyers should review the full Let Property Pack and lease documents, and carry out a physical inspection to confirm internal condition and lease terms.
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