Summary - 2/1, 74, ARKLAY STREET DD3 7LH
1 bed 1 bath Flat
Long-term tenant and strong gross yield potential.
Freehold 1-bedroom flat in sandstone tenement
A compact one-bedroom flat in a traditional sandstone tenement on Arklay Street, offered freehold and currently let to long-term tenants. The property produces a gross annual rent of £4,440, giving an approximate gross yield of 8.9% at the asking price of £50,000 — a clear draw for buy-to-let portfolios and investor enquiries.
The accommodation is small but benefits from period features visible externally: high ceilings and a large bay window in the living room. On-street parking is available and the location has fast broadband and excellent mobile signal, supporting tenant demand. No internal photos were provided and internal condition cannot be confirmed; an inspection, EPC and service records are recommended to assess maintenance needs.
Material considerations: the surrounding area is classified as very deprived, which affects tenant profiles and rental levels. The property is sold with tenants in situ who have indicated they intend to remain, so sale will suit purchasers seeking immediate rental income. A buyer’s premium will apply on sale, and investors should clarify building common-part liabilities and potential refurbishment requirements before purchase.
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