Summary - 8 CLAYBANK STREET HEYWOOD OL10 4TG
2 bed 1 bath Terraced
Ready-income terrace with refurbishment upside for hands-on investors.
Long-term tenants in place with consistent rent payments
Current annual gross income £6,300 (approx 5.5% gross yield)
Front and rear private gardens, small-to-medium plot
Interior dated; requires cosmetic updating to increase value
Leasehold tenure; Buyers Premium applies on purchase
On-street parking only; no garage
Area classified as very deprived — affects local market dynamics
Excellent mobile signal and fast broadband speeds
This two-bedroom Victorian terraced house on Claybank Street offers immediately available rental income with long-term tenants in situ. The property produces a current annual gross income of £6,300, making it an attractive addition for a buy-to-let portfolio. Its compact, traditional layout includes lounge, kitchen, bathroom and front and rear gardens.
The house retains period character externally but the interior is dated and will require updating to improve rental value or resale prospects. Buyers should allow for cosmetic refurbishment; the living spaces are small-to-medium and ceilings are standard height. The property is leasehold and a Buyers Premium will apply to secure purchase — these costs must be factored into purchase calculations.
Location strengths include easy access to local amenities, fast broadband and excellent mobile signal, plus very low local crime. On-street parking serves the terrace. The wider area is classified as very deprived which affects local demand dynamics but also supports steady rental take-up for affordable housing stock.
Investment-minded buyers will note the current gross yield is approximately 5.5% based on the advertised price and income. The sitting tenants have a long history of timely payments and do not intend to leave, offering immediate cashflow but limited vacant-possession options for redevelopment. For buyers seeking uplift, sensible refurbishment and rent reviews could improve returns; for turnkey investors this is a low-management income stream.
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