Summary - Flat 7 Moss Court, Wellington Street NN16 8SF
2 bed 1 bath Flat
Immediate rental income in a compact, well-connected town-centre location.
Two double bedrooms — compact 517 sq ft first-floor flat
Sold with sitting tenants paying £825 pcm — immediate income
No onward chain — faster completion possible
Leasehold with c.78 years remaining — lender caution advised
Service charge c.£600 pa; ground rent £100 pa
Off-street communal parking and gas central heating
Very high local crime and very deprived area — affects capital growth
Small apartment; limited space and modest room sizes
A compact first-floor, two-bedroom apartment in Moss Court offering an immediate rental income stream. The property is sold with sitting tenants currently paying £825 pcm, providing an attractive gross yield for investors and no onward chain to delay completion.
Practical features include off-street communal parking, gas central heating with a boiler and radiators, double glazing and fast broadband and excellent mobile signal — useful for lettings appeal. Service charge is around £600 PA and ground rent £100 PA; council tax band is low, helping tenant affordability.
Buyers should note material drawbacks: the flat is small at c.517 sq ft and the lease has about 78 years remaining. Some mortgage lenders can refuse to lend on shorter leases, so specialist lending or cash buyers may be required. The local area records very high crime levels and significant deprivation, which could affect long-term capital growth and lettability to some tenant profiles.
Overall this is a straightforward, income-focused opportunity for buy-to-let investors seeking immediate yield, or for purchasers able to accept lease restrictions and area risks in exchange for rental return and no chain completion.
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