Summary - 6 SHELLEY DRIVE KNOTTINGLEY WF11 8QL
2 bed 1 bath Terraced
Immediate rental income with refurbishment upside for hands-on investors.
- Freehold mid-terrace two-bedroom house
- Generates £11,400 gross annual rent currently
- Purchase price £100,000 yields high gross return
- Long-term tenants in situ, intend to remain
- Interior dated; 1970s fittings require updating
- Small plot and on-street parking only
- Located in deprived area with above-average crime
- Buyer’s Premium applies on completion
A compact two-bedroom mid-terrace in Knottingley presenting immediate rental income and clear investor appeal. The freehold property generates a current gross annual income of £11,400 against a £100,000 guide price, producing a straightforward high gross yield for portfolio buyers. Long-term tenants occupy the house and have a history of on-time payments, offering continuity of income.
The house is traditional in layout with lounge, kitchen, two bedrooms, a three-piece bathroom and a small garden. The exterior appears sound, but the interior shows dated 1970s fittings and décor; cosmetic updating and targeted refurbishment would increase capital value and rental potential. On-street parking only and a small plot limit options for large extensions.
Material considerations: the property sits in a deprived, blue-collar terrace area with above-average local crime rates. The current tenancy is long-standing and the tenants state they intend to remain, so purchasers should expect a sale with sitting tenants and check tenancy documentation. A Buyer’s Premium will apply to secure the purchase, increasing overall acquisition cost.
For investors seeking immediate yield with light refurbishment upside, this property provides a clear, verifiable income stream and scope for improving finishes to lift rents. For owner-occupiers or buyers seeking quiet, low-crime neighbourhoods, the local area profile and tenancy status are important negatives to weigh carefully.
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