Long-term tenant delivering strong immediate rental income.
Freehold one-bedroom flat producing £6,600 gross annually
A compact one-bedroom flat in a traditional stone terrace, offered freehold with a long-term tenant in situ. The property produces £6,600pa gross, giving an immediate income stream and an approximate 10.6% gross yield at the asking price.
Accommodation is modest at 474 sqft and includes lounge, kitchen, one bedroom and a three-piece bathroom. There is a shared rear garden and on-street parking. The building appears well maintained externally but interior space is compact, suited to lettings rather than family occupation.
This is a straight-forward buy-to-let for investors seeking immediate rental return and portfolio growth. Be aware the area is classified as very deprived, which can affect tenant demand and capital growth. A Buyers Premium applies to secure the sale; check the Let Property Pack for full tenancy and income details before offer.
The current tenants have occupied the flat for several years and intend to remain, so the sale offers continuity of income. Potential purchasers should budget for standard upkeep and factor compact room sizes into any refurbishment plans aimed at increasing future rent.