Steady income with clear rent-up potential for buy-to-let portfolios.
- Two bedrooms with lounge, kitchen and bathroom, about 655 sq ft
- Long-term tenant in situ, currently paying £7,800 p.a.
- Rental uplift potential to approx £9,168 p.a.
- Leasehold tenure; buyer's premium applies on sale
- Dedicated garage parking and modern low-rise development
- No flood risk; fast broadband available
- Local area: deprived classification and above-average crime
- Immediate rental income but limited short-term vacant possession
This two-bedroom leasehold flat in Earl Shilton is offered as a buy-to-let opportunity with a long-term tenant in place. The property is part of a modern low-rise development, with a practical layout including lounge, kitchen, bathroom and dedicated garage parking. At around 655 sq ft, rooms are spacious for the size and the building appears well maintained.
The flat currently produces a gross annual income of £7,800, with a realistic market rent of approximately £9,168. That uplift would improve yield against the £97,000 asking price, making it a straightforward addition to a rental portfolio. The tenant has been in situ for several years and intends to remain, offering immediate and steady income but limiting near-term vacant possession options.
Important practical points: the property is leasehold and a buyer’s premium applies to the sale. The local area is classed as deprived with above-average crime, which may affect tenant mix and management needs. Broadband is fast and there is no flood risk. For full investment figures and tenancy documentation refer to the Let Property Pack provided.
This listing suits investors seeking a hands-off, income-producing purchase with potential to increase rent to market level. Buyers should factor in leasehold terms, the long-standing tenancy, and local area considerations when assessing total return and management strategy.
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