Summary -
15 THE LODGE,LOWMOOR ROAD,KIRKBY IN ASHFIELD,NG17 5LX
NG17 5LX
2 bed 1 bath Flat
Ready-made income with a stable tenancy and short-term uplift potential.
Long-term tenant in situ with consistent rent payments
This two-bedroom flat on Lowmoor Road is offered as a buy-to-let opportunity with a long-term tenant in situ, producing a current gross annual income of £6,540. The building is modern brick with communal parking and a compact, well-kept exterior. Internal accommodation includes a spacious lounge, modern kitchen and one bathroom across approximately 608 sq ft.
The property is leasehold with 107 years remaining and sold at £72,000 — clear numbers that make yield calculations straightforward. The tenant has a stable payment record and does not intend to vacate, giving immediate rental income for a purchaser. There is identified potential to increase rent to an estimated market level of £7,920 per year.
Buyers should note material factors: the unit is small in overall size, sits in a relatively deprived area and broadband speeds are average. It is leasehold and a buyers’ premium will apply on purchase; these affect total running costs and investor returns. Mobile signal is excellent and flood risk is nil.
This listing suits investors seeking an income-generating property with limited initial management work. It will also attract developers or portfolio buyers comfortable with leasehold flats and cash-on-cash yield calculations.
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