Immediate rental income with low running costs and a small enclosed garden.
Tenant in situ producing £500 pcm (£6,000 pa)
This mid-terrace Victorian property on Coultate Street presents a clear buy-to-let proposition with a tenant in situ producing £500 pcm, equating to £6,000 pa. The house offers two reception rooms, two bedrooms and a compact rear garden — practical layouts that meet steady local rental demand.
Internally the home is broadly sound with a period stone facade, double glazing and gas central heating. The ground floor provides flexible living and dining spaces and a rear kitchen with room for a breakfast bar. Upstairs has a large front bedroom (boiler located in the rear corner), a smaller rear bedroom and a three-piece bathroom with shower over bath.
Key positives are immediate rental income, low council tax (Band A) and a long lease. Notable drawbacks: EPC D, located in a very deprived ward which can affect capital growth, and basic wall construction assumed without insulation. The property is being sold leasehold and will suit hands-off investors or those planning modest refurbishment to improve returns.
Practical matters: tenant remains in situ (income currently £500 pcm), average local crime, excellent mobile signal and fast broadband — all supportive of rental appeal. Buyers should budget for routine modernisation or energy-efficiency improvements to raise EPC and tenant targeting if needed.
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