Immediate income with established tenancy close to campus and transport links.
Long-term tenant in situ, immediate rental income
A ready-made income pick for investor buyers, this one-bedroom leasehold apartment comes with a long-term tenant in situ and delivers an estimated 8% yield. The property includes gas central heating, double glazing and a modern fitted kitchen and bathroom, so it needs little immediate expenditure to continue producing rental income.
Located in a cosmopolitan, student-focused neighbourhood close to amenities and transport links, the flat benefits from strong rental demand and good digital connectivity (fast broadband and excellent mobile signal). Service charges are reported as low and ground rent is modest at £75 per year, helping keep running costs down.
Buyers should note material points: the property is leasehold, sits in an area classed as very deprived which can affect tenant profile and capital growth, and a long-term tenant is currently in place which limits vacant-possession options. These factors suit buy-to-let investors seeking immediate returns rather than owner-occupiers wanting to move in straightaway.