Turnkey two-bedroom flat above shops—immediate rental income with refurbishment upside.
Two-bedroom flat above retail units, immediate rental income (tenants in situ)
98 years remaining on lease; leasehold tenure
No private garden or off-street parking; street-facing on busy high street
625 sq ft; rooms small-to-average for inner-city flat
EPC currently around D (56); potential for improvement
Victorian period building with characterful brick façade
Area classified as deprived; local demand from young families and students
Excellent transport links and strong local rental demand
This two-bedroom leasehold flat sits above retail units on a busy high street in N9, offering immediate rental income with tenants in situ. The accommodation comprises a bright lounge, fitted kitchen, two compact bedrooms and a bathroom — a practical layout for long-term lettings or starter occupancy. With 98 years remaining on the lease and a compact 625 sq ft internal area, the property suits buy-to-let buyers seeking stable returns without immediate refurbishment work.
Positioned in an urban cultural-mix neighbourhood with excellent transport links, local amenities and strong rental demand, the flat benefits from consistent occupancy potential. The building is Victorian red-brick with traditional features, and the flat’s double glazing and mains-gas heating provide straightforward, low-maintenance systems. Council Tax Band B helps keep running costs modest for tenants.
Buyers should note material drawbacks: the property is leasehold (98 years remaining), located on a busy high street with no private garden or off-street parking, and sits in a deprived area which can affect long-term capital growth. The finish is basic and cosmetic refurbishment would likely increase rental yield and capital value; EPC currently bands D (56) with modest improvement potential.
Overall, this is a turnkey investment for purchasers prioritising immediate rental return and hands-off management. For those prepared to invest in targeted cosmetic upgrades, there is scope to boost rents and future resale appeal in a high-footfall location.
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