Immediate rental income in a compact, modern flat close to local amenities.
2 bedrooms, 2 bathrooms, 581 sq ft compact apartment
Long-term tenant in situ; consistent rental payments reported
Current gross annual income £5,880 (approx. 10.7% gross yield)
Leasehold tenure; Buyers Premium applies on purchase
On-street parking only; no private parking space included
Located in a deprived area with very high recorded crime levels
Popular with students and professionals; strong lettability potential
Small overall size; suited to investors or portfolio developers
This two-bedroom, two-bathroom leasehold flat on Willow Holme Road is offered as an income-producing investment with a long-term tenant in situ. At a guide price of £55,000 and current gross annual rent of £5,880, the property delivers an approximate gross yield of 10.7%, making it a clear prospect for investors seeking immediate rental income.
The apartment is compact (581 sq ft) and arranged in a traditional layout with a lounge, fitted kitchen, one ensuite and a three-piece bathroom. The building is modern in appearance with communal access and street parking available. The tenant has occupied the flat for several years and intends to remain, so the purchase would transfer an established income stream.
Notable local factors: the property sits in a deprived area of Carlisle with very high recorded crime levels, and it is in a neighbourhood popular with students and professionals. Broadband and mobile signal are reported as good, and local amenities and transport links are nearby — factors that support ongoing lettability but that may influence tenant type and management requirements.
Practical points for buyers: this is a leasehold property and a buyer’s premium applies to secure the sale. The flat’s compact size and communal setting suit investors or developers rather than owner-occupiers seeking more space. Full tenancy and investment detail is available in the Let Property Pack for purchasers requiring financials and tenancy paperwork.
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