Two-bedroom leasehold with tenants in place and strong rental potential.
Current gross income £12,000; potential market rent £12,840 annually
A compact two-bedroom flat in a converted Victorian building, presented as a buy-to-let with tenants in situ. The property produces a current gross income of £12,000 with a modest uplift to an estimated £12,840 possible at market rent. Leasehold tenure has c.130 years remaining, and the flat totals about 532 sq ft — straightforward for portfolio management.
The flat includes a generous lounge, practical kitchen and a three-piece bathroom. On-street parking permits are available for up to two tenants. Fast broadband and excellent mobile signal suit working professionals and student tenants, while proximity to LIPA, St Nicholas Academy and central amenities supports lettability.
Notable risks are the area’s high crime rate and wider local deprivation, which can affect rental demand and insurance costs. The property is small and traditional in layout; buyers should expect limited living space and the usual maintenance of a period conversion. A buyer’s premium applies on sale — factor this into acquisition costs.
Overall this is a clear income-producing opportunity for investors seeking an urban buy-to-let with immediate cashflow, short-term yield uplift potential and a long lease. Developers and portfolio buyers may value the location and tenant continuity but should allow for management considerations tied to the neighbourhood profile.
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