Ready-made rental with tenant in place and strong income potential.
Tenant in situ; market rent £650pcm (gross yield 8.8%)
Newly redecorated and newly carpeted throughout
Two double bedrooms; large lounge and upgraded kitchen
Off-street private parking; double glazing; mains gas heating
Leasehold with 90 years remaining — affects lending options
Service charge c. £46pcm (£552pa); includes insurance and upkeep
EPC C and EICR reported; all certificates in place
Local area classified as very deprived; average crime levels
This recently redecorated two-bedroom maisonette in TF3 offers a ready-made rental with tenant in situ and an estimated market rent of £650pcm, producing an attractive 8.8% gross yield. The accommodation includes a large lounge, upgraded kitchen, downstairs WC, upstairs bathroom and useful storage across approximately 689 sq ft. Off-street parking and double glazing add practical appeal for long-term tenants.
The property has a 90-year lease remaining and is sold leasehold; this will affect mortgageability for some buyers and should be reviewed with a solicitor. Service charges run at about £46pcm (c. £552pa) and the area is classed as very deprived, with average crime levels — factors investors should weigh alongside the strong rent and low purchase price.
All safety certificates are reported up to date and the boiler with radiators runs on mains gas. EPC rated C. Newly carpeted and painted throughout, the maisonette needs no immediate cosmetic work and is positioned for continued rental income or straightforward resale after lease-extension planning.
Suitable for investors seeking immediate income or first-time buyers comfortable with a leasehold property, this maisonette balances low entry cost and solid yield against the shorter-than-ideal lease and local socio-economic challenges.
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