Ready-made investment with tenant in place and a new combi boiler..
Long-term tenant in situ, current rent £580pcm
This three-bedroom semi-detached house on a generous corner plot offers immediate rental income with a long-term tenant in situ. Currently achieving £580pcm, the rent is due to increase to £638pcm from September, making it a straightforward income pickup for an investor. The property is freehold and spread across two storeys with about 859 sq ft of living space.
The house has practical, modern updates including an ultra-modern kitchen/breakfast room, utility room with fitted cabinets, uPVC double glazing throughout and a brand new combi boiler for gas central heating. A conservatory adds extra usable space, while a driveway provides off-street parking and an enclosed rear garden offers private outdoor space.
Location and local conditions are important considerations: the wider area is very deprived with higher-than-average crime rates. The property sits in a challenged neighbourhood economically, which may affect long-term capital growth and tenant profiles. Council tax is very low and local mobile and broadband connectivity are strong.
Suitable for buy-to-let investors seeking immediate income and low-maintenance heating and glazing, this house will also suit buyers prepared to manage tenancy and area-related risks. The accommodation is average-sized and in generally good order, but investors should factor in ongoing management and the local market context when assessing yield and exit strategy.