Summary - HANNAH PARK VIEW 18 NETHERTON ROAD WORKSOP S80 2SG
1 bed 1 bath Flat
Long term tenant with steady income and clear rental upside.
Long-term tenant in situ generating £6,600 pa
A compact one-bedroom leasehold apartment offered with an established long-term tenant in situ, producing a confirmed gross income of £6,600 per year. The flat sits in a mid-20th century low-rise block with shared private parking and a shared rear garden, providing immediate cash flow for a buy-to-let portfolio. The current income equates to around an 8% gross yield at the listed price, with estate paperwork indicating potential market rent uplift to about £614 pcm.
Important ownership details and site realities are clear: the property is leasehold with approximately 84 years remaining, and a buyers premium will apply on sale. The local area is described as very deprived with above-average crime levels, which may affect tenant profile and long-term capital growth. Communal grounds and parking are limited and maintenance is shared; there may be ongoing service or management costs.
This is a straightforward income purchase aimed at investors or developers wanting immediate rental return and a low-management entry. The tenant currently expresses no intention to leave, so purchaser should expect a continued tenancy unless an agreement is renegotiated. Prospective buyers should review the Let Property Pack and service charge/lease documents to confirm costs, tenant terms, and refurbishment scope before proceeding.
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