Compact two-bedroom let with steady income and period charm.
Current gross income £7,800 pa; market potential ~£8,400 pa
This two-bedroom flat in a Victorian terrace on Lorne Street is presented as a buy-to-let opportunity suited to investors seeking immediate rental income. The property occupies a compact 517 sq ft and is described as well kept, with high ceilings, period character, and a spacious lounge that attracts tenants.
The flat is currently tenanted and produces £7,800 pa gross, with potential to reach around £8,400 pa at market rate. Tenants report consistent payments and no immediate plans to vacate, offering steady cashflow but limiting short-term vacant possession options for refurbishment or re-letting at a higher rate.
Practical points: the property is freehold, has excellent mobile signal, average broadband, and no flooding risk. The surrounding area provides easy access to local amenities and transport links, though the ward is classified as very deprived—this supports rental demand but may impact long-term capital growth and tenant profile.
Buyers should note a Buyers Premium will apply as part of the sale process. The flat’s small overall size and the presence of long-term tenants mean any extensive renovation would require negotiation and timing considerations. For an investor focused on steady returns and low management complexity, this offers a straightforward addition to a portfolio.
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