If you are looking to expand your portfolios, for today’s article, we have handpicked a selection of five properties, each with a price tag of £100,000 and the advantage of already housing tenants. This means as an investor, you can start enjoying rental income from day one, a key factor in making your investment decision both efficient and financially sound.
Let’s explore these opportunities in more detail:
Tenant in situ Manchester Road, Huddersfield £660pcm – £100k
This 3-bedroom mid-terrace house on Manchester Road, Huddersfield, offers a spacious layout exceeding 1,000 sq. ft and boasts a stable tenancy yielding £660.00 pcm.
Strategically located in a popular residential area, the freehold property, marketed by Pure Investor, is ideal for tenants seeking convenient access to local amenities and commuting options. Managed by Huddersfield Lettings, this property, with its tenant in situ, is a ready-to-go investment, offering both immediate returns and long-term growth prospects according to the agents.
Watery Street, Sheffield current rental income of £650 pcm – £100k
Offered by Martin & Co, this one-bedroom apartment in City Towers, Watery Street, Sheffield, is an investment opportunity with a tenancy in place until March 2024.
The apartment’s interior features a stylish kitchen/living area complete with fitted gloss units, laminate worktops, integrated appliances and laminate flooring, leading to a balcony through patio doors, while the unique access to the apartment via the roof terrace adds an extra dimension to its appeal.
The property’s proximity to Sheffield city centre, the University of Sheffield and excellent transport links make it an ideal choice for professionals or students. With 195 years remaining on the lease, a current rental income of £650 pcm, service charges of £1,246.46 pa and a ground rent of £225.00 pa, this property may be a solid choice for investors looking for regular income and long-term growth potential.
Torquay tenant in situ – £99,000
This one-bedroom flat on Thurlow Road, Torquay, is another tenanted investment opportunity for landlords we have found. Marketed by Ridgewater, Paignton as “ideal for investors”, the property is currently occupied by a tenant on an assured shorthold tenancy basis, making it a ‘going concern’ for those looking to expand their buy-to-let portfolio.
The first-floor flat is strategically set back from the road, providing a serene living environment while remaining conveniently close to the town centre and its amenities. It boasts a living room with PVC double-glazed windows offering tree-lined views over the area towards Shiphay and Marldon. The kitchen is compact and functional, equipped with essential amenities and storage space. The bedroom also enjoys scenic views and is complemented by a practical bathroom/WC. Additional features include off-road parking, communal grounds with a drying area and a bin store. With a leasehold tenure offering a share of the freehold, a service charge of £1,700 per annum and managed by Blenheims, this property may be an attractive proposition for investors seeking a hassle-free addition to their portfolio.
Victoria Street, Liverpool with rental income of £8,340 per annum – £100k
Our fourth property is a first-floor studio apartment in the Produce Exchange building, located on Victoria Street, Liverpool, L2. Marketed by Sutton Kersh, the chain-free property is currently generating an annual rental income of £8,340. The studio apartment features an open-plan living area equipped with electric heating and secondary glazed windows, offering a modern and efficient living space. The communal areas include a secure shared entrance with a lift to all floors.
The leasehold tenure, which extends 500 years from 31st March 2016, a service charge of £1,874.00 per annum (excluding building insurance) and a ground rent of £350.00 per annum, make this studio a potential prospect for those seeking a low-maintenance investment in a prime Liverpool location.
Two-bed ground floor apartment Preston with income of £7200pa – £100k
For our final property, we’ve found a modern and spacious two-bedroom ground-floor apartment in the Light Buildings, Lumen Court, Preston, Lancashire, which is being marketed by Entwistle Green. The ground floor property, which is offered with no chain, includes a hallway, an open plan lounge/dining kitchen, two double bedrooms, a modern bathroom, double glazing and an electric heating system.
Furthermore, with a tenant in situ providing an annual income of £7,200 and its proximity to Preston city centre and UCLAN makes it an attractive rental option for city professionals or university students.
Leasehold details include a service charge of approximately £1,046 per annum and a ground rent of £250 per annum.
Which £100K property with a tenant in situ looks like a good investment for you?
Disclaimer: The property descriptions provided are for informational purposes only and should not be considered as recommendations. We do not offer financial advice.
