Rennie Street

Overview

An excellent turnkey investment opportunity, 72 Rennie Street is a well‑presented two-bedroom terraced home situated in a popular rental location. The property is offered for sale with a long-standing sitting tenant, providing instant income from day one with no void periods.

• Property Type: 2-bedroom mid-terrace
• Tenure: Freehold
• EPC Rating: C
• Tenant Status: Tenant in situ (ongoing AST)
• Current Rent: £417 per calendar month
• Asking Price: £60,000

Financial Performance & Yield Calculations

Annual Rental Income: £5,004 per annum

Gross Yield: 8.34% gross yield

This yield significantly outperforms many high‑street savings products and offers a strong return within the North East rental market, which continues to attract investors thanks to affordable purchase prices and reliable rental demand.

Key Investment Highlights

Strong 8.34% Gross Yield

With an annual return of over 8%, this property represents a robust investment, ideal for portfolio landlords or first-time investors.

Tenant in Situ – Immediate Cashflow

No need to advertise or manage tenant onboarding. The existing tenant provides instant, stable income from completion.

EPC Rating C

A future-proofed rating, helping mitigate upcoming energy‑efficiency regulations and increasing long-term desirability in the rental market.

Freehold Ownership

No ground rent or service charges, maximising your net returns and reducing ongoing ownership costs.

Popular Rental Location

The local area offers consistent rental demand and affordable running costs, ideal for long-term buy-to-hold strategies.

Why This Property Is a Strong Investment

• Low Entry Price: At £60,000, the property offers an accessible investment opportunity with strong comparative yields.
• Stable Tenancy: With a sitting tenant, investors benefit from immediate ROI and minimal operational effort.
• Solid Rental Market: The area continues to attract long-term renters, providing dependable occupancy rates.
• Potential for Long-Term Capital Growth: While focused on income, the region has seen sustainable price stability—ideal for balanced portfolios.
• Energy Efficiency: An EPC C rating positions the home favourably ahead of future EPC legislation, a growing concern for landlords nationwide.

Summary

72 Rennie Street presents a rare chance to acquire a well-maintained, income-generating investment property with a strong yield and reliable tenant already in place. This is an ideal purchase for any investor seeking a hands-off, high-yielding asset at an attractive price point.