Tenanted mid-terrace near the city with immediate rental income and scope to add value.
Three bedrooms over 657 sq ft, compact room sizes
A compact three-bedroom mid-terraced house in L15, offered chain free and currently tenanted for immediate rental income. The property is freehold, double-glazed (installed post-2002) and benefits from mains gas central heating and an EPC rating of C. Its proximity to the city centre and excellent transport links make it a straightforward letting proposition for investors targeting city renters or students.
The house is a Victorian-built mid-terrace with solid brick walls and small rooms throughout. It requires modernization and cosmetic updating; the building likely has little or no cavity insulation, so there is scope to improve energy efficiency and add value through targeted upgrades. There is no garden or garage and the very small plot constrains external improvement options.
Important local context: the area is classified as very deprived with a high crime rate, which will influence tenant demand, rental levels and mortgage/insurance considerations. On the positive side, broadband speeds and mobile signal are excellent, council tax is very low, and nearby schools include several rated Good and one Outstanding secondary, which may appeal to certain renter demographics.
This property is most suitable for an investor seeking an affordable city-centre let with short-term rental income and medium-term improvement potential. Buyers should allow budget for refurbishment and factor local area challenges into the purchase and management strategy.
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