Low-cost service charges and long lease ideal for buy-to-let investors.
Two-bedroom leasehold flat, 657 sq ft
Currently tenanted at £725 pcm (periodic tenancy)
Gross annual income £8,700 — approx 7.25% gross yield
Long lease: 126 years remaining
Service charge £920 pa; ground rent £250 pa (both low)
EPC C; double glazing; built after 2007
Electric room heaters — likely higher energy costs
Local area: high crime and very deprived — affects resell/letting
A practical investment in Hillsborough, this two-bedroom leasehold apartment sits within a modern, low-maintenance development built after 2007. It is currently tenanted on a periodic tenancy at £725 pcm, giving a gross annual income of £8,700 — around a 7.25% gross yield at the asking price of £120,000. The property benefits from off-street parking, double glazing and an EPC rating of C, with a long 126-year lease and modest running costs for ground rent and service charge.
The flat is average-sized (657 sq ft) and presented unfurnished; the living area photos show neutral décor but dated carpet and possible minor damp that will need inspection or superficial refurbishment. Heating is by electric room heaters, which keeps installation simple but can mean higher energy bills for occupiers. Service charge is £920 pa and ground rent £250 pa, both low for apartment ownership.
Location strengths include excellent transport links, nearby amenities and schools with several rated Good, making the building attractive to working tenants and new arrivals to private renting. However, the local area records higher crime and very high deprivation statistics, which investors should weigh against the rental income and low purchase price.
This is a straightforward buy-to-let for an investor seeking immediate rental income and low management overheads, with potential to add value through cosmetic refurbishment and improved flooring or damp remediation. Viewings will need to respect the current tenant’s occupation and notice arrangements.
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