Let investment with parking and communal garden; tenant in place for immediate income..
Tenant in situ — immediate rental income potential
Allocated off-street parking and communal garden space
Lease length: 96 years remaining
Service charge circa £1,281 per year
Electric storage heaters — higher running costs likely
Compact overall size: approx. 582 sq ft
Council Tax Band A — very low local tax burden
High local crime rate and area deprivation — resale/rent risk
A two-bedroom first-floor apartment in Allerton offered with a tenant in situ — suited to buy-to-let investors seeking immediate rental income. The flat totals about 582 sq ft, includes allocated off-street parking and communal gardens, and sits in a modern block constructed in the early 1990s.
Practical cost points: the lease has 96 years remaining, the current service charge averages £1,281 pa and heating is electric (storage and room heaters). Council Tax is very low (Band A), which can make the unit attractive to cost-conscious tenants, but electric heating will increase utility bills compared with gas central heating.
Notable locational factors: the property is in a dense, diverse area with good mobile and broadband connectivity and local amenities including shops, places of worship and schools nearby. However the neighbourhood records higher crime levels and ranks as relatively deprived, which may affect tenant demand, rental value and resale prospects.
Overall this is a compact, let investment with immediate income potential and straightforward management needs. Buyers should budget for potentially higher energy costs, ongoing service charges and factor the area’s socio-economic profile into yield and re-let assumptions.
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