Immediate income with scope to increase rent for a cash buyer.
Two bedrooms and two bathrooms, ready-let with sitting tenant
A practical buy-to-let in L3 offered with a sitting tenant and immediate income. The two-bedroom flat is in a modern corner block close to transport links and local amenities, providing straightforward rental demand from students and city workers.
The apartment has a modern kitchen, two bathrooms and is presented in good order, which reduces short-term maintenance and void risk. Current gross income is £13,800 pa with documented potential to rise to around £14,400 pa at market rents.
Important investor facts: the property is leasehold with approximately 270 years remaining, sale is cash buyers only and a buyers premium applies to secure the purchase. The wider postcode is very deprived and recorded crime levels are very high — factor in management and insurance costs accordingly.
Overall this is a hands-off income asset for a buyer who understands inner-city rental markets and wants immediate yield with modest upside from re-letting at market rents. More detailed investment figures are available in the Let Property Pack.