Immediate let income and private parking in a period block, ideal for investors.
- Immediate rental income: £7,800 pa with tenants in situ
- Guide price £75,000 — strong gross yield (~10.4%)
- One bedroom, two bathrooms, 743 sq ft internal area
- Leasehold with 143 years remaining
- Private driveway parking and communal front/back gardens
- Period building — character but possible maintenance needs
- Located in a deprived area — may limit capital growth
- Buyers’ Premium applies; check service charges and management
This one-bedroom flat in a grand Victorian block is presented primarily as a buy-to-let opportunity. It produces a current gross rental income of £7,800 per year against a guide price of £75,000, giving strong headline gross yield potential for investors. The property is leasehold with 143 years remaining and comes with tenants in situ who intend to remain, providing immediate income and minimal void risk.
The apartment sits within substantial communal grounds and benefits from private driveway parking — uncommon for flats in the area — plus communal front and rear gardens. Internally the layout is traditional: one bedroom, a lounge, a kitchen, an en-suite and a separate WC (two bathrooms in total), and a total internal area of approximately 743 sq ft.
Important points for buyers: the property is in a deprived neighbourhood which may affect long-term capital growth and some mortgage or insurance options. It is leasehold and in a large period building, so communal maintenance charges, management arrangements and potential refurbishment requirements should be confirmed. A Buyers’ Premium will apply on sale, and a Let Property Pack is available for full investment details.
Overall this flat suits a hands-off investor seeking immediate rental income or a developer willing to manage communal building matters. It offers character and parking within a Victorian setting, but buyers should budget for ongoing service charges, any necessary improvements and factor local market conditions into their valuation.
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