Summary - 59 QUEENS PARK ROAD HEYWOOD OL10 4LQ
3 bed 1 bath Terraced
Immediate rental income with clear scope to increase returns after refurbishment.
Long-term tenant in situ, steady rental income
A three-bedroom Victorian terraced property offered as a buy-to-let with a long-standing tenant in situ. The house is compact at around 807 sq ft and currently produces a gross annual income of £7,800, representing a c.6.6% gross yield at the asking price of £117,600. A new owner targeting market rents could increase income to an estimated £11,340 per year (c.9.6% gross yield).
The accommodation is straightforward: lounge, kitchen and a three-piece bathroom. Interiors are dated and will benefit from modernisation to maximise rental value. The property is leasehold, in a deprived local area of predominantly blue-collar terraced streets — this supports steady rental demand but limits certain owner-occupier premiums.
Key transactional considerations: there is a long-term tenant who wishes to remain, the sale mentions a buyers premium to secure purchase, and basic refurbishment is likely needed to achieve market rent. Broadband and mobile signal are strong, and local schools have mostly good Ofsted ratings, which supports rental desirability for families. This is a clear portfolio addition for investors seeking immediate income and uplift through targeted improvements.
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