Two-bedroom unit with tenant in place, shared parking and solid rental yield..
Two bedrooms, one bathroom, approx. 603 sqft
A two-bedroom leasehold apartment on Coal Hill Lane, offered with a sitting tenant and shared private parking. The property totals approximately 603 sq ft over a compact layout and currently produces an annual gross income of £8,400, presenting an immediate income stream for buy-to-let portfolios.
The block is a mid-to-late 20th-century purpose-built scheme in good external order, set directly to the road with limited private outdoor space. The flat appears to be modern in style internally (open-plan kitchen-lounge indicated) but internal condition and full measured floorplan are not provided; an on-site inspection and the Let Property Pack should be reviewed for EPC, tenancy terms, and detailed income figures.
Material factors to note: the property is leasehold with about 100 years remaining, situated in a wider area classed as deprived with average crime levels. A fully refundable buyer’s premium may be required to secure the purchase; this should be clarified before offer. These facts, plus the existing tenant wishing to remain, make this most suitable for serious investors or developers seeking an income-producing asset rather than an owner-occupier.
With fast broadband and excellent mobile signal, the flat suits typical urban lettings demand. The opportunity is strongest for investors seeking immediate cash flow and the potential to relet at market rents; purchasers should allow for routine management, potential refurb costs, and a full legal and physical due diligence.
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