Ready-rented flat with immediate income and long-lease security.
Long-term tenant in situ providing immediate rental income
Annual gross income £8,100; market rent estimated £9,336
Leasehold with 169 years remaining
Cash purchase only; buyer’s premium will apply
Modest overall size — about 570 sq ft
Well maintained interior; medium living room and two bathrooms
Small garden; limited outdoor space
Area classed as communal retirement — check management terms
A compact two-bedroom leasehold flat in a handsome Victorian building, offered as a buy-to-let with a long-term tenant already in place. The property is described as well maintained, with a medium-sized living room, two bathrooms and a small, tidy garden. Annual gross income is currently £8,100 with estimated market potential of £9,336, making it a straightforward income addition for a landlord.
Practical considerations are clear: sale is cash-only and a buyer’s premium will apply, so budget for extra purchase costs. The flat sits on a long lease (169 years remaining) and the building is classed in the wider area as ‘communal retirement’ — buyers should confirm any age-related or management arrangements before committing. The property is in a low-crime, affluent neighbourhood with fast broadband and excellent mobile signal.
This is aimed at investors or portfolio developers seeking an immediate rental return and minimal short-term management. The current tenants have occupied the flat for several years and intend to remain, providing continuity of income. The size is modest (approximately 570 sq ft), so suitability is primarily for buy-to-let or downsized owner-occupiers who accept restricted living space.
The flat’s period exterior offers character and kerb appeal, while the interior is presented in a modern, well-kept condition. There is some potential to increase rental income to market levels, but buyers should factor in required capital, stamp duty, cash purchase requirement and the buyers’ premium when calculating yield.
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