High rental yield within walking distance of major stations and amenities.
Vacant studio with high ceilings and large windows
Estimated rent £900pcm — approx 16.6% gross yield
104 years remaining on the lease (leasehold)
Sold at online auction; six-week completion required
Small overall size — 336 sq ft, compact living space
Electric room heaters; no central heating system
Secondary glazing; likely uninsulated sandstone walls
Local area: very high crime and very deprived neighbourhood
Set within the historic Guildhall Tavern, this compact studio offers a rare city-centre foothold with clear investor appeal. The open-plan layout, high ceilings and large windows create a bright living space despite the modest footprint, while contemporary kitchen and bathroom fittings mean minimal immediate refurbishment is required.
The property is offered vacant on a 104-year lease and will be sold by online auction with a six-week completion — attractive to cash buyers and investors seeking quick exchange. An estimated rent of £900 pcm gives a headline gross yield around 16.6%, reflecting strong demand in this central, student-heavy neighbourhood.
There are important practical factors to note: heating is by electric room heaters, glazing is secondary only and external walls are likely uninsulated sandstone/limestone. The building is historic and pre-1900 construction can mean higher ongoing maintenance responsibilities. The surrounding area records very high crime and very high deprivation scores, which may affect long-term owner-occupier appeal but sustains rental demand from students and short-term tenants.
This is best suited to investors or buyers seeking a central pied-à-terre who accept the trade-offs of a small leasehold apartment in a busy urban location. The property’s central transport links, lift access and secure entry make it straightforward to let and manage, while the auction timetable suits buyers able to move quickly.
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