Immediate rental income with private parking and long lease.
Private underground parking included
560 sq ft one-bedroom flat, traditional layout
Currently tenanted; tenants wish to remain
Gross annual income £10,500 (income confirmed)
Estimated gross yield ≈ 7.2% at asking price
Long lease ~950 years remaining (low tenure risk)
Leasehold tenure; Buyer’s Premium applies on sale
Located in multicultural student neighbourhood; area shows deprivation
A one-bedroom apartment with private underground parking positioned in a contemporary multi-storey block on Sherborne Street. The flat is currently tenanted and produces a gross annual income of £10,500, making it an immediate income-generating purchase for a buy-to-let investor.
The property is a 560 sq ft, traditional-layout flat with one bedroom, a three-piece bathroom, lounge and kitchen. The long lease (circa 950 years remaining) reduces long-term tenure risk, and the included off-street underground parking is a useful premium feature for city tenants.
Located in an inner-city, multicultural student neighbourhood (B16), the flat is well placed for steady rental demand from students and young professionals. The area shows signs of deprivation, which can mean lower entry prices and resilient rental demand, but purchasers should factor local market conditions into their investment modelling.
Material points to note: the property is leasehold and a Buyer’s Premium will apply on sale. The unit is sold with sitting tenants who intend to remain, so the sale suits investors seeking immediate rental income rather than owner-occupation or vacant possession. Review the Let Property Pack for tenancy details and confirm expected net yields after fees and management costs before purchase.
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