Summary - 8 SOUTH STREET RYDE PO33 2SD
2 bed 1 bath Semi-Detached
Cash-ready investor opportunity with immediate rental income and compact courtyard garden.
Two-bedroom Victorian semi-detached cottage, tenanted on AST at £850 pcm
A compact two-bedroom Victorian semi-detached cottage offered with a sitting tenant and immediate rental income. Currently let on an Assured Shorthold Tenancy at £850 pcm, the property presents a strong gross return for a cash investor — approximate gross yield c.7.8% at the current asking price. The layout is traditional with separate living and dining rooms, a fitted kitchen and a small courtyard garden with a useful brick store.
Practical features include gas central heating, UPVC double glazing and an upstairs airing cupboard housing the boiler. Rooms are small to medium in size but well presented; the house is functional for rental use and benefits from an urban location on the edge of the town centre with excellent mobile signal and fast broadband.
Notable considerations: the property is leasehold, has an EPC rating of D and sits in an area classed as very deprived, which may influence long-term tenant demand and mortgage options. The plot is small and outdoor space is limited to a gravelled courtyard. This is a proven rental asset for an investor prepared to buy with cash and manage a tenanted property in a town-centre setting.
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