Tenant in situ, current rent £550pcm
Freehold two-bedroom Victorian mid-terrace
Gross yield roughly 6.9% before expenses
Small rear garden, low-maintenance outdoor space
Solid brick walls; insulation likely required
High local crime rate and very deprived area
Best for cash buyers or experienced investors
This two-bedroom mid-terrace on Leabrooks Road is offered freehold with a tenant in situ (current rent £550pcm). Priced at £95,000, it presents as a straightforward buy-to-let opportunity in a traditional Victorian terrace of modest size and layout. The property’s solid brick construction and mains gas central heating are practical assets, though double glazing age is unknown.
The house is best suited to cash buyers or investors seeking immediate rental income; the current figures imply a gross yield around 6.9% before costs. There is basic outdoor space to the rear—low-maintenance and private—and a small walled forecourt to the front with on-street parking.
Buyers should note several material drawbacks: the area is classed as very deprived with high local crime rates, which can affect tenant demand and rental growth. The walls are likely uninsulated (solid brick as built), so energy-efficiency improvements and potential rewiring/modernisation may be required. Sold with tenant in situ, viewings and vacant possession will be subject to the tenancy.
Overall, this is a no-frills, income-producing terraced house with renovation potential and clear risks related to location and likely maintenance needs. It will suit investors comfortable managing tenancy obligations and properties in higher-deprivation neighbourhoods.
