Ready rental income with clear scope to add value through refurbishment.
Freehold detached building split into two self-contained flats
Current gross income £18,000pa, potential to £21,684pa at market rents
Each flat: two bedrooms, large kitchen, lounge and bathroom
Externally well maintained; good mobile signal and fast broadband
Damp patches and dated interiors — refurbishment likely required
Small plot size; limited external space and on‑street parking
Located in deprived wider area; local rental demand remains steady
Buyer Premium applies on purchase — include in cost calculations
This detached property on Percival Lane is offered as a two‑unit portfolio currently producing a steady gross income of £18,000 per year. Each flat provides two bedrooms, a large kitchen, lounge and bathroom — straightforward layouts that appeal to long‑term tenants or shared‑house lets. The freehold tenure and city‑edge location support rental demand and future value growth.
There is identified scope to increase income to an estimated £21,684 at market rents with tenants in situ, making the yield more attractive to a buy‑to‑let investor or small portfolio buyer. The building appears well maintained externally and benefits from excellent mobile signal, fast broadband and easy access to local amenities and schools rated Good.
Buyers should note some material considerations: the living room description highlights damp patches and dated interiors which will require repair or refurbishment; the plot is small and the wider area is in a more deprived classification. A Buyer Premium applies to secure the sale — factor this into acquisition costs and projected returns.
Overall, this is a practical investment opportunity for a hands‑on investor or developer seeking ready rental income and room to add value through targeted refurbishment and rent re‑letting. Full letting and financial detail is available in the Let Property Pack for deeper underwriting.
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