Summary -
8, Pinter Lane,GAINSBOROUGH,DN21 1ZF
DN21 1ZF
2 bed 2 bath Apartment
Long lease, tenant in place and immediate rental income.
Two double bedrooms and family bathroom
Presented with a long-term tenant in situ, this two-bedroom apartment on Pinter Lane is aimed at buy-to-let investors seeking steady, hands-off income. The property is modern throughout, arranged as an open-plan kitchen/lounge/diner with two double bedrooms and a family bathroom, and includes allocated off-street parking.
Practical strengths include a very long lease of about 240 years, low council tax, and an average internal size of approximately 823 sq ft. The current rent is £525 PCM from the same tenant since 2016, offering an immediate income stream for a purchaser who wants rental continuity.
Buyers should note material considerations: the neighbourhood records high crime and is classed as very deprived, broadband speeds are slow, and the listed service charge (£1,000) is noted as unknown in scope. Ground rent is small (£100). These factors affect tenant demand, management needs and potential re-letting prospects.
This property suits investors prioritising an income-producing asset with minimal refurbishment required to remain tenanted. It also offers longer-term scope to review rent and services, but purchasers should factor in local market conditions and the service charge details when assessing total returns.
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