Ready-rented two-bed with strong gross yield for buy-to-let portfolios.
Long-term tenant in situ, generating £11,340 pa gross income
A ready-rented two-bedroom flat offered with a long-standing tenant in place, producing a current annual gross income of £11,340. The property presents a straightforward buy-to-let addition with a modern open-plan living area and kitchen across approximately 635 sq ft.
The lease has 126 years remaining and broadband and mobile signal are strong — practical strengths for rental demand. Based on the asking price of £144,060 the current income equates to a gross yield of about 7.9%, making this attractive to income-focused investors and portfolio builders.
Buyers should note material considerations: the property is leasehold, a buyers’ premium applies on sale, and the wider area records very high crime levels. Local schooling and amenities are mixed nearby, including a highly regarded college, but neighbourhood classifications identify a cosmopolitan, student-oriented population which will influence tenant profiles and long-term demand.
Overall this is a pragmatic investment: modern accommodation, immediate rental return, and long lease security, balanced against local area crime statistics and sale-related fees. Investors are advised to review the Let Property Pack and tenancy documentation for full cashflow detail and tenant terms before committing.
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