Let-ready flat with immediate income and uplift potential for cash buyers.
• Established tenant in situ with consistent rent payments
• Current gross income £14,400; market potential ~£18,000
• Two bedrooms, modern kitchen, one bathroom, good condition
• Allocated off-street parking and communal grounds
• Leasehold — circa 57 years remaining (mortgage risk)
• Cash purchase preferred; many lenders may refuse
• Area classified as deprived with above-average crime rates
• Fast broadband and excellent mobile signal
A purpose-built two-bedroom flat in Northolt offering an established rental income and immediate occupancy. The current tenant has a reliable payment record, producing a gross annual income of £14,400, with potential uplift to around £18,000 at market rent. The building is a neat 1980s brick development with allocated off-street parking and a modern kitchen, providing straightforward, low-maintenance letting appeal.
This property suits buy-to-let investors seeking a let-ready acquisition in a suburban location with good local transport links and nearby schools. The flat is in generally good condition and benefits from fast broadband and strong mobile signal, which are attractive to long-term tenants. Communal grounds and practical parking add to its tenant demand and ease of management.
Key risks are material and must be considered: the lease has approximately 57 years remaining, which is low enough to cause mortgage lenders to refuse finance and has prompted a cash-offer requirement. The area is classified as deprived with above-average crime rates, which may affect tenant mix, re-letting speed and long-term capital growth. Prospective buyers should review the Let Property Pack and lease details carefully, and factor in the cost and process of extending the lease where necessary.
Overall, this is a clear investment play: steady current income, immediate occupancy and rental-upside potential, balanced by lease-length constraints and local area challenges. It will suit investors prepared to buy with cash or arrange specialist financing, and those comfortable managing a tenancy in a higher-deprivation neighbourhood.
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