Income-ready buy-to-let with tenant in place and low running costs.
Ground-floor one-bedroom flat, c.454 sq ft
A compact ground-floor one-bedroom flat offered with a tenant in situ, making it immediately income-producing for a buy-to-let investor. The block benefits from double glazing, gas central heating and residents’ off-street parking, keeping running costs straightforward. The advertised yield is approximately 8%, supported by low service charge and very low council tax.
The lease has around 101 years remaining and ground rent is minimal, so long-term tenure concerns are limited. Internally the flat is tidy but dated; decorating and minor cosmetic updates are likely to increase rental value or appeal to a future owner-occupier. At roughly 454 sq ft, the accommodation suits a single occupier or couple rather than a family.
Important negatives are factual: the property sits in an area with higher crime and wider deprivation indicators, which may affect tenant demand or resale values. The communal block is a small 1980s purpose-built development with modest external space and limited outlooks. There is no flood risk and broadband speeds are reported as fast, but consider local market conditions before purchase.
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