Sold with tenant in situ, currently achieving £400 pcm
A compact two-bedroom mid-terrace offered freehold with a tenant in situ, currently achieving £400 pcm. The property sits in a Victorian row with solid brick walls and external insulation, arranged over ground and first floors with a small enclosed rear courtyard and on-street parking to the front. At 668 sq ft the layout is modest, suited to rental demand or a low-cost refurbishment for future resale.
This is primarily an investor opportunity: at the asking price of £45,000 the current rent produces a gross yield of about 10.7% (based on £4,800 annual income). The property benefits from mains gas central heating, double glazing (install date unknown), fast broadband and excellent mobile signal — practical positives for renting to local tenants.
Buyers should note material drawbacks plainly. The neighbourhood is a transitional, high-deprivation area with above-average crime; the plot and rooms are small and the property will appeal to tenants or buyers prepared for modest space and straightforward maintenance. The accommodation is traditional and may need cosmetic updating rather than full structural work, but buyers should inspect for any hidden repair needs.
This sale suits investors seeking immediate income and a hands-on asset in a city location, or an owner-occupier after vacant possession prepared to accept small-room living and upgrade costs. Flood risk is low and council tax band is very inexpensive, supporting running-cost control for landlords or homeowners.
