Main features
- Gross yield of approximately 11.6%, with an estimated net yield of around 8.0% after standard running costs
X1 Sales & Lettings are pleased to present this two-bedroom, second-floor apartment located within Burlington House, offering an excellent buy-to-let opportunity with a tenant in situ.
Gross yield of approximately 11.6%, with an estimated net yield of around 8.0% after standard running costs.
The property is currently rented at £825 per month with a tenancy in place until August 2026 (minimum), with the tenant potentially wishing to renew, providing immediate income and longer-term rental stability for an investor purchaser.
The apartment briefly comprises a bright open-plan living and kitchen area with canal views, two well-proportioned bedrooms, and a large modern bathroom. The property is well positioned within the building and benefits from a practical layout suited to the local rental market.
Situated within walking distance of local amenities and the city centre, the location remains popular with tenants seeking convenience and accessibility.
Please note, the property does not include parking and there are no communal facilities within the building.
Key Information:
Asking Price: £85,000
Current Rent: £825 PCM
Tenancy: In place until August 2026 (tenant may renew)
Service Charge: £1,700 per annum
Ground Rent: £330 per annum
Lease Length: Approx. 115 years remaining
EPC Rating: C
EWS1 / Cladding: No cladding – EWS1 not required
Utilities: Paid by tenant (landlord liable during voids)
Viewings are available subject to tenant availability.
For further information or to register interest, please contact X1 Sales & Lettings today.