Freehold terraced investment producing £17,700pa; cash buyers only with rental uplift potential.
Both flats let on ASTs producing £17,700 pa combined income
Freehold terraced property — immediate rental cash flow
One-bed ground floor flat; three-bed first/second floor maisonette
West-facing rear garden split 50/50 between flats
Sale to cash buyers only — no mortgageable purchase
Exterior stairwell and some external elements require maintenance
Solid brick walls (likely no cavity insulation) — potential upgrade needed
Scope to increase rents to current market levels
This freehold, two-flat terraced property on Ronald Park Avenue is presented as a clear investment buy: a one-bedroom ground floor flat and a three-bedroom first-floor maisonette, producing a combined rental income of £17,700 per year. Both units are let on assured shorthold tenancies (currently holding over), giving immediate cash flow for a purchaser prepared to buy in cash.
The flats benefit from mains gas central heating and UPVc double glazing, and each flat has access to a west-facing rear garden split 50/50. The maisonette is arranged over first and second floors with reasonable room sizes for tenants, while the ground floor flat includes a separate utility room. There is scope to review and increase rents to current market levels.
Notable practical points: the property is small in overall size and constructed c.1900–1929 with solid brick walls (no assumed insulation). The exterior stairwell and some external features need maintenance; the building may benefit from internal updating and loft/wall insulation improvements. Tenure is freehold and council tax is very low, but this sale is for cash buyers only.
Location strengths include good broadband and mobile signal, nearby schools (including high-performing secondaries), local shops and transport links. The area is typical of private-renting new arrivals and supports steady tenant demand, making this a straightforward, hands-on rental investment with short-term upside from rental revaluation and modest refurbishment.
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