Turn-key buy-to-let with strong gross yield and allocated parking.
Tenanted 2-bed apartment with immediate rental income
A compact two-bedroom apartment on the second floor, offered as a buy-to-let with a sitting tenant paying £750pcm (current gross yield ~7.5%). The flat sits in a purpose-built red-brick block from the early 2000s, with double glazing, gas central heating and an allocated parking space to the rear. The layout includes an open-plan lounge/kitchen, two double bedrooms and a fitted bathroom; room sizes are modest but practical for rental demand.
This is a landlord-only sale: the tenant will remain in occupation, so the purchase is income-producing from exchange. Lease details are straightforward for an investor — 125-year lease from 2006 (about 104 years remaining), annual ground rent £150 and service charge c. £1,533.26 (2025). Council Tax Band B and low flood risk are additional practical positives.
Be aware of material considerations: the property sits in an area with higher crime rates and the wider locality has indicators of deprivation; these factors can affect tenant demand and future resale. The apartment is small overall and communal maintenance costs are relatively high for size, which will impact net yield. Cosmetic updating could increase rental value but the flat appears habitable as let.
This is a straightforward, turn-key rental for investors seeking immediate income and a strong headline yield. Suitable for buy-to-let portfolios where capital growth is secondary to steady rental return; an internal inspection and review of tenancy paperwork, service charge accounts and EPC/energy details are advised before purchase.
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