Immediate rental income with long lease and modern fittings for cash buyers.
- Two bedrooms and two bathrooms; tenant in situ for immediate income
- Current gross income £13,800; potential to £14,400 at market rents
- Modern fitted kitchen, bright rooms and well-maintained communal parts
- Long lease (270 years) — secure tenure for investors
- Cash purchase only; buyer’s premium applies on sale completion
- Located in very deprived area with very high local crime levels
- Fast broadband and excellent mobile signal; close to transport links
- Management/letting risks higher due to local area profile
A compact, well-presented two-bedroom flat in L3 offering immediate rental income and straightforward add-to-portfolio potential for cash buyers. The property benefits from a modern kitchen, two bathrooms and a long lease (270 years), making ownership simple and tenure secure. It currently produces a gross annual income of £13,800 with scope to reach around £14,400 at market rents.
This apartment is in a multi-storey, well-maintained building on a corner plot close to public transport and local amenities, with fast broadband and excellent mobile signal — useful features for tenants and short voids. A tenant is in situ, so the purchase suits investors seeking immediate yield. The building’s exterior and communal areas appear well kept, supporting continued lettability.
Important negatives are clear and factual: the property is in a very deprived area with very high local crime levels, which will affect tenant profile, management needs and some buyer appetite. Sale is cash only and a buyer’s premium applies on completion. Prospective purchasers should review the Let Property Pack and current tenancy details before committing.
Overall, this is a practical buy-to-let for a cash investor or developer looking for yield and low management complexity thanks to the long lease and existing tenancy. Factor in location-related risks and any required management strategies when assessing net returns.
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