Compact Victorian conversion with clear rental uplift potential for investors.
Long-standing tenant in situ providing immediate rental income
This one-bedroom flat in a converted Victorian building on Cobden Street offers immediate rental income with a long-term tenant in place. At 366 sq ft the accommodation is compact but benefits from period features, high ceilings and a shared rear garden. On-street parking adds everyday convenience.
The property produces a current gross income of £7,800 per year, with a realistic market rent projection of £11,460 if re-let at market rates — a clear yield opportunity against the £93,000 asking price. Broadband and mobile signals are strong, supporting tenant demand from working renters.
Buyers should note material considerations: the flat is leasehold, located in a relatively deprived area with higher local crime levels, and overall size is small. A Buyers Premium applies on purchase and the existing tenancy is secure, which limits immediate vacant-possession options but ensures steady income.
This listing suits investors or developers seeking a low-maintenance rental addition or a small-scale refurbishment project. Review the Let Property Pack and lease details to confirm tenancy terms, service charges and potential rent uplift before proceeding.
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