Ready-made investment with tenant in place and long lease security.
- Sold with tenant in situ — immediate rental income potential
- Long lease: 969 years remaining
- Approx 593 sq ft compact two-bedroom apartment
- Rear Juliet balcony overlooking the canal
- Service charge £1,632.72 per annum; peppercorn ground rent
- Medium flood risk; pre-1900 stone walls likely uninsulated
- Local area: high crime and very deprived classification
- Mains gas central heating and UPVC double glazing fitted
A compact two-bedroom apartment in a converted weaving shed, offered with a tenant in situ for immediate rental income. The living room opens to a Juliet balcony with canal views to the rear, and the long lease (969 years) removes typical lease-length concerns for buyers.
The building retains period stone character externally but the flat is small at about 593 sq ft. It benefits from mains gas central heating, UPVC double glazing, and a straightforward room layout: hall, kitchen, lounge, two bedrooms and bathroom. Service charge is £1,632.72pa and ground rent is a peppercorn.
Important risk factors are factual: the property sits in an area with high crime and very high deprivation scores, and the site has a medium flood risk. The building appears to be a pre-1900 conversion with uninsulated stone walls, so further thermal upgrading may be needed. Council tax is very low, and the location is convenient for trains, shops and local amenities.
This listing is aimed at investors wanting hassle-free purchase with an existing tenant and long lease security. Buyers seeking a low-crime, low-risk family home or a large living footprint should note the size and local area challenges before viewing.
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