Two-bedroom rental with long-term tenants and refurbishment upside.
Produces ~£9,000 gross annual rental income
A straightforward buy-to-let proposition in Willenhall offering steady income and immediate occupation. The flat comprises two bedrooms, a lounge, kitchen, three-piece bathroom, balcony and shared front and rear garden space. It currently produces approximately £9,000 gross per year with long-term tenants in situ, so an investor can expect rental continuity from day one.
The building is a mid-20th-century brick block with standard room proportions and communal grounds. The property’s size is average (around 657 sq ft) and presents clear refurbishment potential to increase rent or capital value. On-street parking and good local connections make it convenient for tenants, while fast broadband and strong mobile signal are practical benefits.
Buyers should note material factors affecting suitability: the property is leasehold, located in a very deprived neighbourhood with a higher-than-average local crime rate, and a buyers’ premium applies to the sale. The current tenants have indicated they wish to remain, so this is primarily a yield purchase rather than an immediate vacant-possession opportunity.
For a portfolio investor seeking hands-off income and capital-upside from targeted refurbishment, this is a pragmatic option. Those needing vacant possession, or seeking a low-crime, affluent location, should weigh the neighbourhood profile and tenancy status carefully before proceeding.
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