Property Details
Chandos Street
- Latest Property
- Balmoral Terrace - 2 Bedroom Upper Flat
- Latest Property
- Chandos Street - 2 Bed Ground Floor Flat with Tenant in Situ
Property
Property Description Download Brochure
An excellent opportunity to acquire a well-presented two-bedroom flat with an established tenant already in occupation, generating £650 per calendar month (£7,800 per annum). Offered at £75,000, this property provides an attractive investment with immediate rental income from completion, making it ideal for both new and experienced buy-to-let investors. The accommodation briefly comprises a spacious lounge, fitted kitchen, two well-proportioned bedrooms and a bathroom. The property benefits from a convenient location with good access to local amenities, public transport links and major road networks, ensuring continued appeal to tenants. The current tenancy is already established, allowing the purchaser to benefit from an income-producing asset from day one without the need to source a new tenant.
REF : SP26080880 Beds : 2 Bath : 1 Garden : No Parking : On Street
Property Specification
- Tenant in situ
- Rental income of £650 PCM (£7,800 per annum)
- Purchase price: £75,000
- Approximate gross yield: 10.4%
- Two-bedroom flat
- Immediate return on investment
- Popular rental location
- Ideal addition to an investment portfolio
GROUND FLOOR
Entrance Hallway
A bright and welcoming entrance hallway providing access to the principal bedroom and living room.
Master Bedroom
Situated to the front of the property, this spacious double bedroom benefits from high ceilings, neutral décor and a double glazed window, creating a bright and airy living space.
Living Room
A generous reception room finished in neutral tones with grey fitted carpet, a central heating radiator and a double glazed window, offering a comfortable space for relaxing or entertaining.
Kitchen
A well-appointed galley-style kitchen fitted with a range of white wall and base units complemented by laminate worktops and a single drainer sink. Integrated appliances include an electric oven with four-ring gas hob and extractor hood. Further benefits include spotlight lighting, tiled flooring, a double glazed window and a door providing access to the shared rear yard.
Bedroom Two
A well-proportioned single bedroom accessed from the living room. The room offers ample space for a bed, wardrobe and additional furniture and is finished with neutral décor, grey fitted carpet, a central heating radiator and a double glazed window.
Family Bathroom
Fitted with a white three-piece suite comprising a panelled bath with overhead shower, wash hand basin and low-level WC. The bathroom also benefits from tiled splashbacks, a central heating radiator, vinyl flooring and a double glazed window to the rear elevation.
OUTSIDE
Front
The property benefits from on-street parking to the front.
Rear
To the rear is a clean and well-maintained shared yard providing external access and outdoor space.
Disclaimer
Please note that the photographs used within this listing were taken prior to the commencement of the current tenancy. The tenant has since made changes to the decoration and presentation of the property. The images are provided for illustrative purposes only and prospective purchasers should not rely upon them as an exact representation of the property's current appearance.
Disclaimer
This property does not have the Seal of Approval instead it has been marketed by the Landlord or Vendor themselves under our Basic and Basic Plus+ plans which allow Landlords and Vendors the opportunity to self-promote their properties using our marketing infrastructure. SEAL Properties endeavors to moderate these listings but cannot take responsibility for the contents of these adverts, the actual condition of a property or any contractual agreements subsequently entered into between the parties. Prospective tenants and Landlords can communicate directly, as can buyers and sellers, but SEAL Properties advise you to take all necessary precautions.
