Summary - Crossgates, Larkhall, ML9 ML9 1DL
1 bed 1 bath Flat
Affordable one-bed buy-to-let with long-term tenant and rental uplift potential.
Long-term tenant in situ with consistent payments
Current gross income £5,040; potential market income £7,236
Freehold flat with spacious lounge and modern kitchen
Victorian character: high ceilings and sandstone façade
Upper story/exterior shows wear; upper floor described as derelict
Located in a very deprived area — affects capital growth and tenant mix
Buyer’s premium applies on purchase — factor into costs
Excellent mobile signal and fast broadband speeds
A compact one-bedroom flat on the upper floor of a traditional sandstone corner building in Crossgates, Larkhall, presented as a buy-to-let with a long-term tenant in situ. The current gross annual income is £5,040, with projected market rent increasing to about £7,236 — a clear uplift opportunity for an investor willing to review rents. The property is freehold and benefits from excellent mobile signal and fast broadband, useful for attracting long-term tenants.
The flat offers a spacious lounge, a modern kitchen and high ceilings typical of Victorian builds, giving character and rental appeal. The building’s corner position provides good visibility and easy access to local amenities including shops, bus links and leisure facilities, which helps steady demand from local renters.
Buyers should note material considerations: the building exterior shows wear and the upper story is described as derelict and requiring renovation. The area is classified as very deprived, which can limit capital-growth prospects and influences tenant mix. A buyer’s premium will apply on sale — factor this into total acquisition costs.
This property suits investors seeking an affordable entry into the local rental market with immediate income and short-term upside from rent revaluation. It also offers potential for value-add if a purchaser is prepared to address the building’s exterior and any required repairs.
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