Summary -
Apartment 34,Lancashire Court,Federation Road,STOKE-ON-TRENT,ST6 4HX
ST6 4HX
2 bed 1 bath Flat
Two-bedroom leasehold flat with tenant in place — immediate rental income and refurbishment potential..
Long-term tenant in situ producing £5,700 pa gross income
A two-bedroom leasehold flat in a modern mid-rise block on Federation Road presented primarily as a buy-to-let opportunity. The property is currently let to long-term tenants, producing a gross income of £5,700 per year, and is offered at a low entry price that may suit investors seeking immediate rental return.
The flat is small (approximately 581 sq ft) with an open-plan lounge/dining area, one bathroom and communal grounds rather than a private garden. There is shared private/off-street parking. Internal photos indicate some wear and dated fixtures in the living area, so minimal cosmetic updating may be needed to bring standards to market-rent levels.
Important factors for buyers: the building sits in a very deprived area with a high local crime rate and constrained-renter demographic, which affects tenant profiles and long-term capital growth prospects. The property is leasehold and will be sold with a buyer's premium to secure purchase — check the Let Property Pack and lease details before bidding.
For the right investor, this flat offers immediate rental income and scope to improve rental value with modest refurbishment. It is best suited to cash buyers or those expanding a portfolio who accept the local area risks and tenancy continuity.
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