**Standout Features:**
- One-bedroom ground floor apartment
- Close to town center with off-street parking
- Currently tenanted, generating a rental income of £540 per month
- Leasehold with 111 years remaining on the lease
- Gas central heating and double-glazed windows
- Service charge: £1,925.60 per year, ground rent: £150 per year
**Concerns:**
- Smaller overall size (398 sq ft)
- Some areas require modernization (noted poor condition in living area)
- Above-average crime rate in the area
This one-bedroom ground floor apartment presents an excellent investment opportunity for discerning buyers. Located in Northwood, Kirkby, it offers the convenience of town-center living along with off-street parking. Benefiting from a sitting tenant, this property generates a reliable rental income of £540 per month, making it perfect for investors looking for immediate returns.
While the apartment's 398 sq ft size may appeal to those with an active lifestyle or those seeking a minimalist living space, some modernization may be required, particularly in the living area. The recent construction (built in 2007) provides the advantage of more contemporary design elements and efficient utilities, ensuring lower maintenance costs in the long run.
With a solid rental potential and flexible lease terms, this property is ideal for those looking to step into the buy-to-let market, especially in a transitional neighborhood that’s close to essential amenities and schools with ‘Good’ Ofsted ratings. Don’t miss this chance to secure a property that combines affordability with investment potential—schedule your viewing today!
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