Immediate rental income with tenant in place and strong connectivity.
Long-term tenant in situ with consistent rent payments
Annual gross income reported at £9,000
Asking price £50,000 — leasehold tenure
Buyers Premium payable on sale — factor into costs
Located in a very deprived area with high crime rate
No flood risk; excellent mobile signal and fast broadband
Well-kept studio with fitted kitchen and three-piece bathroom
Designed for investors; limited appeal for owner-occupiers
This studio flat on Upper Parliament Street is presented primarily as an income-producing opportunity. It is currently let and produces an annual gross income of £9,000, making it immediately cash-generative for an investor. The apartment is described as well-kept with a spacious living area, fitted kitchen and three-piece bathroom.
The property is offered leasehold at a purchase price of £50,000 and comes with a sitting tenant who has a history of consistent payments and wishes to remain. A Buyers Premium will apply on sale — prospective purchasers should factor this and any leasehold terms into their acquisition costs. A Let Property Pack is available for detailed tenancy and investment figures.
Location brings clear advantages and risks. The building sits in a dense urban area with fast broadband and excellent mobile signal, close to transport and local amenities. However the surrounding ward is described as very deprived with a high crime rate, which can affect tenant demand, management considerations and potential resale. There is no flood risk recorded for this postcode.
Suitability is strongest for buy-to-let investors or portfolio buyers seeking an affordable, immediately income-producing unit. Owner-occupiers should note the leasehold status and the property’s investment-focused presentation and tenant in situ.
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