Long-lease, tenanted one-bed; immediate rental income for investors..
Currently let on Assured Shorthold Tenancy, rental income £625 pcm
A turnkey, ground-floor one-bedroom apartment in a modern red-brick block, presented as an immediate income opportunity. The flat is currently let on an AST producing £625 pcm, making it suitable for buy-to-let investors seeking instant rental return with minimal initial work.
Internally the layout is efficient: entrance hall with storage, a living room with a bay window, compact fitted kitchen with space for appliances, one double bedroom and a three-piece bathroom. Double glazing and contemporary neutral décor help keep maintenance straightforward; the property is small but well laid out for single occupancy or renting to professionals.
Practical considerations: heating is by electric room heaters, there is no private garden, and communal parking serves the block. The local area shows signs of high deprivation and average crime levels, which will influence tenant demand and resale prospects. The long lease (231 years remaining) and very low council tax are positives that support long-term holding.
This is a pragmatic investment: predictable rent from an existing tenancy, low running complexity, and a long lease. Buyers should note the property’s small size, electric heating, and the local area profile when assessing yield and exit strategy.