Established tenant and parking — strong rental upside for investors.
Long-term tenant in situ; immediate rental income available
Current gross rent £9,600 pa; market potential approx. £14,400 pa
Leasehold tenure — check lease length, service charge and ground rent
Underground garage parking included; useful for tenant demand
Private balcony and ensuite; practical two-bedroom layout
Approx 764 sq ft — average-sized apartment for market
Living room shows dated decoration; may need redecoration between lets
Buyers' premium applies on completion — factor into purchase costs
A two-bedroom leasehold apartment in a modern low-rise block on Bury Old Road, offered with a long-term tenant in place. The flat measures about 764 sq ft and includes a lounge, kitchen, main bathroom, ensuite, private balcony and underground parking — practical features that suit buy-to-let portfolios or developers seeking steady income.
Current annual gross rent is £9,600, with market uplift potential to around £14,400 if re-let at current local rates. The tenant has occupied the flat for several years and intends to stay, so this sale suits investors seeking immediate, low-management income rather than a vacant renovation project. A buyers’ premium applies on completion — factor this into acquisition costs.
The building and communal areas appear well maintained and the location gives quick access to shops, buses, rail links and local schools rated Good by Ofsted. Broadband speeds and mobile signal in the area are strong, and local crime levels are very low, supporting reliable tenant demand in this inner-city, ethnically mixed neighbourhood.
Practical drawbacks: the property is leasehold, currently tenanted (no immediate vacant possession), and the living room shows signs of dated decoration that may need cosmetic updating between tenancies. Prospective purchasers should review the Let Property Pack and lease details to confirm service charges, ground rent, and exact tenancy terms before offering.
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