Summary - Flat 5, Kingfisher House, Pighue Lane L13 1DQ
3 bed 1 bath Apartment
High-yield rental close to transport links, sold with tenant in place.
- Current tenant in situ delivering 10.15% gross yield
- Three spacious bedrooms, flexible living layout
- 743 sqft total; overall property described as small
- Leasehold with 91 years remaining
- Service charge approx £1,200 per year; ground rent £50
- Electric storage heating; may increase running costs
- Off-street parking and secure entry system
- Local area has high crime and considerable deprivation
This three-bedroom apartment is presented as a clear buy-to-let opportunity, currently tenanted and delivering a strong 10.15% gross yield. The flat occupies 743 sq ft with a bay-windowed lounge, contemporary-style kitchen and flexible room sizes suited to rental demand.
Practical positives include off-street parking, double glazing, secure entry, and fast broadband plus excellent mobile signal. The location provides good transport links, nearby train station, shopping park and local amenities that support steady letting.
Buyers should note material facts: the property is leasehold with 91 years remaining, a typical service charge of £1,200pa and ground rent of £50pa. Heating is by electric storage heaters, and the block dates from the 1980s, so some modernization may be required to maximise long-term rent or resale value.
The neighbourhood scores high for crime and is listed as very deprived, which can affect tenant profiles and rental resilience. The sale will proceed via online secure auction and the buyer must accept associated terms and conditions.
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