Two-bed leasehold flat with tenant in situ — immediate rental income potential.
Long-term tenant in place with stable rent payments
This well-presented two-bedroom leasehold flat in Great Sankey is offered as a buy-to-let opportunity with a long-term tenant in situ. At 603 sq ft the accommodation includes a spacious lounge, fitted kitchen, a three-piece bathroom and an ensuite, plus a small rear garden — practical features for rental demand in this comfortable suburb.
The property currently produces a gross annual income of £9,000 with stated potential to reach approximately £12,000 at market rate, presenting scope for improved yield. The tenant has a stable payment history and does not intend to vacate, which secures immediate rental return but limits vacant-possession options for an owner-occupier.
Material points to note: the flat is leasehold and overall size is small, which will affect future resale and mortgage options for some buyers. A buyer’s premium is stated as part of the sale process — factor this into acquisition costs. The building and apartment are described as being in good condition, though buyers should verify service charge, ground rent and lease length in the Let Property Pack.
This property suits investors seeking an income-producing addition to a portfolio in a low-crime, well-connected area with good schools nearby. First-time buyers or those needing immediate vacant possession should be aware the sitting tenant intends to remain.