Summary -
Flat 1,Nautica,SELBY,YO8 8FD
YO8 8FD
2 bed 1 bath Flat
Buy-to-let with immediate rental income and upside to market rent.
Long-term tenant in situ, producing £8,160 pa gross income
This two-bedroom flat in Selby’s waterfront development is offered primarily as a buy-to-let investment with an established long-term tenant in situ. The property produces a gross annual income of £8,160, with an assessed market rent potential of around £9,276, making it suitable for portfolio growth or yield-focused purchasers.
The apartment sits in a modern multi-storey block and provides a lounge, large kitchen, two bedrooms and a bathroom across approximately 624 sq ft. Practical positives include a very low flood risk, excellent mobile signal and fast broadband — useful for lettings — and a long lease (134 years remaining), which supports mortgageability and resale.
Material considerations are clear: the building is in a deprived neighbourhood with very high recorded crime and a local area profile of constrained renters. The property is sold leasehold and a Buyers Premium will apply; these factors affect running costs, tenant mix, and exit planning. The flat is currently tenanted long-term, and the tenant intends to remain, so immediate owner-occupation is not possible without notice or negotiation.
For investors: this is a straightforward let-ready asset with scope to increase income to market levels. For those seeking a home or low-risk area, the social and safety indicators and buyer fees should be weighed carefully against the rental upside.
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