Long-term tenanted two-bed flat with parking — immediate income for buy-to-let investors..
Tenanted investment producing £10,800pa gross income (stable tenants)
Approx. 646 sq ft; traditional two-bedroom layout
Shared rear garden and private off-street parking
Freehold title (confirm block-level arrangements)
Gross yield about 6.5% at £167,000 purchase price
Located in a very deprived, high-demand rental area (limited capital growth)
Single three-piece bathroom; average-sized rooms throughout
Buyers Premium applies; review Let Property Pack and tenancy docs
A practical two-bedroom flat in Loaning Road offered with long-term tenants in place — a turn-key buy-to-let for a hands-off investor. The property is an average-sized, traditional-layout flat (approx. 646 sq ft) in a contemporary mid-rise block, with a shared rear garden and off-street private parking that add tenant appeal.
The current tenancy produces a gross income of £10,800 per year, giving a gross yield around 6.5% at the asking price of £167,000. Tenant stability is a clear strength: they have occupied the flat for several years and currently intend to remain, reducing void risk and administration on acquisition.
Location brings steady rental demand from migrant commuters and students in this cosmopolitan area; good mobile signal and fast broadband further support lettability. However, the neighbourhood is classified as very deprived, which may limit capital growth and attract a pool of cost-sensitive tenants.
Practical points to note: the flat is freehold (confirm the block title), has a single bathroom, and is described as well-kept but of average overall size. There’s no reported flood risk. A Buyers Premium will apply to secure the purchase; any investor should review the Let Property Pack and tenancy paperwork before offer to verify rent, deposit, and contract terms.
This is best suited to investors seeking immediate rental income and low-management acquisition; developers or portfolio buyers may also be interested given the stable tenancy and clear cashflow profile.