Summary - I Quarter S3 8BG
1 bed 1 bath Apartment
Ready-made rental with tenant in place and immediate income potential..
Tenant in situ paying £750pcm — immediate rental income
Lease length 106 years — secure leasehold term
Service charge £1,700pa; ground rent £100pa — ongoing costs to budget
Compact 430 sq ft one-bedroom — best for single occupants or students
No allocated parking; on-street only — limited car provision
EPC rating D; electric room heaters — higher running costs possible
Located in very high crime, very deprived area — potential impact on demand
Modern build (2003–2006) with double glazing — low immediate refurbishment needs
This one-bedroom apartment in I Quarter is a clear buy-to-let opportunity for investors seeking immediate income. It comes with a tenant in situ paying £750 pcm, delivering an instant revenue stream and no upward chain. The open-plan layout and modern finishes suit students or young professionals in the nearby universities and city-centre employers.
The flat is compact at about 430 sq ft, with large windows and contemporary fixtures that keep maintenance needs low. Practical details include double glazing, an EPC rating of D and a remaining lease of 106 years. Service charge and ground rent are fixed costs to factor into returns: service charge £1,700pa and ground rent £100pa.
Notable drawbacks are material and should be considered: the property sits in a very deprived, high-crime neighbourhood which may affect tenant choice and long-term capital growth. Heating is electric room heaters rather than a central system, and there is no allocated parking (on-street only). The apartment’s small size limits family use but aligns with student or single-professional rental demand.
Overall, this is a straightforward, low-maintenance rental purchase with immediate income. Budget for running costs, understand the local area challenges, and this property can perform well for investors targeting city-centre student and professional lets.
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