Chain-free one-bedroom let near Kirkby town centre, immediate income.
12% gross yield with tenant in situ (£625pcm)
A purpose-ready one-bedroom ground-floor apartment sold with a sitting tenant producing £625pcm — advertised yield circa 12%. Chain-free and positioned within walking distance of Kirkby town centre, this unit offers immediate rental income for a buyer seeking cashflow.
The flat has gas central heating and UPVC double glazing, allocated off-street parking and communal gardens. Tenure is leasehold; the current lease was created in 2005. Annual service charge totals £1,704 (approx. £142 per month) and ground rent is £150 per year — factor these costs into net returns.
This property sits in a hard-pressed, transitional neighbourhood with above-average crime and high area deprivation, so prospective buyers should weigh local market risk alongside the strong headline yield. Broadband and mobile signal are strong, supporting tenant appeal. Cash purchase is advised given the advertised position and tenant status.
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