Two-bedroom Adel flat — tenant in situ for 6.4% net yield or vacant possession available..
- First-floor two-bedroom flat, approx. 628 sq ft
- Available with tenant in situ paying £825pcm (net 6.4% yield)
- Also available with vacant possession for owner-occupiers
- Private entrance; large rounded bay window in living room
- Separate kitchen with appliances included
- Dated decor and some rooms need modernisation
- Leasehold tenure, small ground rent £50; check lease length
- Communal gardens and on-street parking; EPC rating C
This first-floor two-bedroom apartment in Adel offers a straightforward investment or a manageable home in an affluent LS16 neighbourhood. It is offered with no onward chain and can be purchased with a sitting tenant on a rolling contract paying £825pcm (net yield 6.4%), or with vacant possession for buyers who want to move in. The property has a private entrance and stairs leading to a generous living/dining room with a large rounded bay window that floods the space with light.
Accommodation is practical and traditionally laid out: two double bedrooms with built-in storage, a separate kitchen equipped with a range of appliances, and a three-piece bathroom with a shower over the bath. The flat is average in size (approx. 628 sq ft) and benefits from an EPC rating of C, fast broadband and cheap council tax. Well-maintained communal gardens and plentiful on-street parking add to the everyday convenience.
The apartment presents clear scope for improvement. Some rooms have dated decor and the living room shows signs of being a fixer-upper; modernisation would increase rental or resale value. Tenure is leasehold with a small ground rent (£50), so buyers should review the lease length and terms before purchase. Overall this is a practical, no-chain opportunity suited to investors seeking immediate income or buyers wanting an affordable two-bed in a well-regarded area.
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