Affordable buy-to-let with strong current yield and long lease.
One bedroom flat in converted stone mill building
A compact one-bedroom apartment within a converted stone mill, offered at a sub-£60k entry price with a long lease (243 years remaining). The flat is currently let and producing an annual gross income of £6,900, delivering a very strong headline gross yield for an investor. High ceilings and industrial character give the building period appeal; the accommodation includes a living room, kitchen and three-piece bathroom.
Important considerations: the building sits in an area with very high recorded crime and very high deprivation scores, which may affect tenant demand, void periods and resale value. Parking is on-street only and there is no private garden. The property is sold leasehold and a buyer’s premium is noted in the sale information.
This is primarily an investment opportunity for buyers seeking rental income and capital appreciation potential in a converted-mill block. The current tenancy is established (tenant in situ, residing less than a year and paying rent), which supports immediate income but limits vacant possession options. Review the Let Property Pack and tenancy documentation closely before purchase.
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