Long-term let generating income — investment ready with refurbishment upside.
Two-bedroom Victorian mid-terrace, 646 sq ft
A two-bedroom Victorian mid-terrace offering clear investor appeal in Heywood. Currently let to long-term tenants producing a reported annual gross income of £6,300, the property is ready to slot into an existing buy-to-let portfolio with minimal void risk.
The house is an average-sized 646 sq ft terraced home with front and rear private gardens, on-street parking and fast broadband/mobile signal — practical features for rental demand. Constructed in the traditional style, the property has period character but dated interiors and will benefit from cosmetic updating to maximise rent or resale value.
Material points for buyers: the property is leasehold, situated in a very deprived wider area, and a buyers’ premium applies to secure the sale. Tenants currently occupy the property and intend to remain, so any purchaser should allow for a transfer of tenancy rather than immediate vacant possession.
This is a straightforward income-led purchase for investors or developers. It suits those seeking a low-maintenance rental with steady income now and scope to increase value after refurbishment or re-letting at higher market rents.