Ideal buy-to-let with immediate rental income and communal garden.
Long-term tenant in situ paying £393 PCM (income immediately available)
Leasehold with c.109 years remaining
Service charge c.£1,150pa; ground rent £150pa
One generous double bedroom; compact living space (approx 478 sqft)
Gas central heating and UPVC double glazing present
Communal rear garden accessed via side passageway
Area flagged as very deprived with higher crime levels
Solid brick walls likely uninsulated; cosmetic updating advised
This first-floor one-bedroom flat on Coltman Street offers immediate rental income with a long-term tenant paying £393 PCM, making it a straightforward purchase for buy-to-let investors. The apartment sits within a red-brick Victorian terrace, benefits from gas central heating and UPVC double glazing, and includes a communal rear garden accessed via a side passage.
The accommodation is compact and practical: entrance hallway, fitted kitchen, lounge, generous double bedroom and three-piece bathroom. The lease has about 109 years remaining; service charge is approximately £1,150 per year and ground rent £150 per year. Council Tax is band A, and flood risk is low.
Buyers should factor in the neighbourhood context: the area is classified as very deprived with higher-than-average crime levels and constrained neighbourhood indicators. Internally the flat appears mostly average with some dated decor and would benefit from cosmetic refurbishment to maximise rental or resale value. Solid brick walls likely lack modern cavity insulation.
At a low asking price, the property is a clear investment opportunity for purchasers comfortable with stock located in an urban, higher-risk area. Verify lease, charges and tenancy details with your solicitor, and factor in service charge and communal maintenance into yield calculations.
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