Ready-made buy-to-let with tenant, strong rental yield and scope to modernise..
Tenant in situ producing £530 pcm rental income
Freehold 2-bedroom ground-floor flat in mid-20th century block
Double glazing and electric heating throughout
Compact rooms; generally dated/needs modernisation
Small communal garden; on-street parking only
Fast broadband and excellent mobile signal
Area classified as very deprived and challenged community
Sold at low asking price reflecting condition and location
A ground-floor two-bedroom flat sold freehold, offered with a tenant in situ delivering immediate rental income of £530 pcm. The building is a mid-20th century, low-rise block with double-glazed windows and electric heating; the accommodation is compact and functional, suited to buy-to-let or a budget owner-occupier prepared to modernise.
Internally the flat has a bright lounge, practical fitted kitchen (space for freestanding appliances), two double bedrooms and a bathroom with overhead shower. The property is tenant-ready but shows mid-century fittings and will benefit from cosmetic upgrades to maximise value and rental potential.
Practical conveniences include fast broadband and excellent mobile signal, small communal garden and on-street parking. Important considerations: the local area is classified as very deprived and “challenged” in local demographic profiles, and the block and flat require modernisation in places — this is reflected in the asking price and offers scope for capital improvement.
This is a straightforward investment for a buyer seeking immediate income and future uplift through refurbishment. Buyers should factor ongoing management of a tenant in situ, potential maintenance costs, and the neighbourhood profile when assessing long-term plans.