Summary - 69 MILBANK TERRACE STATION TOWN WINGATE TS28 5EF
2 bed 1 bath Terraced
Long-term tenant in place, immediate rental income for portfolio buyers.
Freehold two-bedroom mid-terrace producing £4,800 gross pa
A straightforward buy-to-let with immediate income: this two-bedroom mid-terrace is offered with a long-term tenant in situ, producing a gross annual income of £4,800. The property is freehold, unflooded, and sits in a small town location with fast broadband and excellent mobile signal—practical features for a rental portfolio.
The house is a dated, mid-20th-century terrace requiring cosmetic and possible partial refurbishment; photos and descriptions indicate 1970s fittings, wood panelling and a worn exterior. The small front garden and on-street parking limit kerb appeal and outdoor space but keep maintenance low. Area markers: the neighbourhood is very deprived with higher local crime rates, so consider tenant profile and management costs when evaluating yield and exit strategy.
For investors, upsides include an established tenancy with reliable payments, immediate rental income and a modest purchase price that supports potential capital gain after targeted works. Drawbacks are obvious: the property needs updating, sits in a challenged area which may slow re-letting or capital uplift, and a buyer’s premium applies to secure the sale. Review the Let Property Pack for tenancy documents and service details before committing.
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