Buy-to-let with tenants paying £660pcm and immediate rental income.
Two-bedroom Victorian mid-terrace, approx. 627 sq ft
A two-bedroom Victorian mid-terrace on Combermere Road offered with tenants in situ, making it a straightforward buy-to-let addition. The property is freehold, double glazed, gas central heated and sits on a small plot with a year-round garden and vegetable patch. On-street parking and local bus links to Morecambe and Lancaster add practical appeal.
Internally the house is compact (approximately 627 sq ft) with two reception rooms, a kitchen and a first-floor bathroom. Room sizes are modest and the layout suits rental use or a renovation to improve space and income. The existing tenant pays £660 per month, giving a gross yield of about 5.8% at the current asking price of £115,000.
Buyers should note this is an older property (c.1900–1929) built in traditional stone with assumed no wall insulation; fabric improvements or upgrades may be needed to meet modern efficiency expectations. The area is described as very deprived overall, which can affect demand and long-term capital growth, though local schools are well-rated and the immediate neighbourhood is comfortable.
This house will suit investors seeking immediate rental income or buyers happy to undertake economical updating. It offers reliable basics and clear potential to enhance value with targeted improvements, but factor in likely insulation, cosmetic and space-modernisation costs when assessing return.