High-yield one-bedroom let with tenant in situ and excellent rental return.
Tenant in situ with reliable payments and wishes to stay
Current gross annual income £4,740 (approx. 14.8% gross yield)
One bedroom, lounge, kitchen, modern three-piece bathroom
Freehold flat within a Victorian period building
On-street parking; excellent mobile and fast broadband
Area classified as very deprived — may affect capital growth
Buyer's premium applies on purchase — additional cost to budget
Period building offers refurbishment or conversion potential
This one-bedroom property sits within a distinctive Victorian building on Weaver Street and is offered with a long-standing tenant in situ, producing a strong gross rental income for its price. The flat includes a lounge, kitchen and a modern three-piece bathroom, and benefits from on-street parking, excellent mobile signal and fast broadband — practical for lettings and low-maintenance management.
At a guide price of £32,000 and current gross annual rent of £4,740, the purchase delivers a high gross yield (approximately 14.8%). The tenant has lived here for several years, pays reliably and wishes to remain, making the unit attractive to buy-to-let investors seeking immediate income. The property is freehold and located in an urban area with broad local amenities within easy reach.
The building's Victorian character and large period windows offer visual appeal and scope for value enhancement; the wider property suggests potential for refurbishment or conversion projects if permitted. Buyers should note the area is classified as very deprived, which can influence tenant demand and long-term capital appreciation. A buyer’s premium applies to secure the purchase — factor this into total acquisition costs.
Interested parties should review the Let Property Pack for full tenancy and income details before committing. This listing is most suitable for investors or developers who prioritise immediate rental income and refurbishment upside rather than those seeking a turnkey primary residence.
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