Chain-free two-bed ground-floor flat, newly renovated and let from day one — ideal buy-to-let.
- Chain-free two-bedroom ground-floor apartment
- Currently let: £5,400 pa (income from day one)
- Newly renovated; redecorated with new floor coverings
- Off-street parking and communal gardens
- Electric storage heating and burglar alarm fitted
- Leasehold with high ground rent £2,157 pa
- Very high local crime and high flood risk
- Small flat (approx 474 sq ft); limited internal space
A newly renovated two-bedroom ground-floor apartment offered chain-free and currently let on an Assured Shorthold Tenancy producing £5,400 per year. The flat has PVCu double glazing, electric storage heating, a burglar alarm system and off-street parking — ready for a buy-to-let investor to take rental income from day one.
The building is a small, three-storey purpose-built block in dressed stone with communal entrance, small communal gardens and secure parking. Interiors are presented in neutral tones with laminate and carpeted floors, an open-plan kitchen/living area and two double bedrooms. Practical features suit lettable condition and immediate occupation.
Important negatives: the property is leasehold with a very high ground rent of £2,157 per year; the location records very high crime, high flood risk and sits in a very deprived area. These factors will affect insurance, mortgage availability and longer-term capital growth compared with less-challenged locations.
This is best for an investor seeking immediate rental return or a first-time buyer prioritising move-in condition and low asking price over long-term area security. Buyers should factor in the leasehold costs, local risk profile and the need to secure suitable insurance given flood risk.
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