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2 bed flat
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Price History
Our Summary
- Scope to increase rent to market rate (~£700–£725pcm)
- For Sale: 2-Bed First Floor Apartment – Tenants In Situ | Armthorpe, Doncaster Price: £100,000 Rent: £575 pcm (scope to increase to current local market rate ~£700+) Tenure: Share of freehold | No service charge | £25 annual ground rent This modern 2-bedroom first floor apartment is offered with tenants in situ, providing instant rental income
- The current tenant is paying £575pcm, but there's clear potential for uplift to reflect current rental demand in the area
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Description
This modern 1-bedroom first floor apartment in Armthorpe, Doncaster, is being sold with tenants in situ, providing instant rental income of £575 per month. The property features a spacious double bedroom, open-plan kitchen/lounge, and modern bathroom, with access to shared garden space. The current tenant has the potential to increase the rent to reflect the current local market rate of around £700-£725 per month, resulting in a potential gross yield of 7.6-7.9%.
The property is offered with a share of freehold, no service charge, and an annual ground rent of £25, making it an attractive investment opportunity for buy-to-let investors. Armthorpe is a solid choice for investors due to its strong rental demand, low entry price, local amenities, and tenant appeal.