Summary - Flat 1, 1 Boston Street M15 5AY
2 bed 2 bath Flat
Compact two-bed flat with parking and strong rental yield for investors.
- Two double bedrooms and two bathrooms, main with en-suite access
- Currently let at £950 PCM — approx 8.7% gross yield
- Raised ground/first-floor flat with balcony and off-street parking
- Long lease remaining: 244 years (original 250-year term)
- Heating via electric room heaters, no gas central heating
- FTTP available but current broadband speeds reported slow
- Ground rent £206.56; service charge details TBC
- Compact footprint: approximately 581 sq ft (limited storage)
A compact two-bedroom flat in the Life 3 building offering a clear investment case. Currently let at £950 PCM, the apartment yields approximately 8.7% gross at the asking price, making it suitable for landlords seeking immediate income. The raised ground/first-floor position includes a balcony, off-street parking and long lease (244 years remaining).
The layout comprises an open-plan living area with balcony, fitted kitchen with integrated appliances, two double bedrooms and two bathrooms, with the main bedroom having an en-suite access. Building features include secure communal entrance, lifts and modern construction from the early 2000s. FTTP is available, and there is very low local crime in an inner-city cosmopolitan area with plentiful amenities and good local schools.
Notable practical points: heating is by electric room heaters rather than gas central heating, broadband speeds are currently slow despite FTTP availability, and the property is marketed as cash-only (no EWS1; funding in place). Ground rent is £206.56; service charge details are TBC. The flat is compact at about 581 sq ft, so expect limited living and storage space compared with larger flats.
For an investor focused on yield and low-management urban lets, this is a straightforward income asset with long lease security. For an owner-occupier, the small size, electric heating and cash-only note should be weighed against the convenient location, balcony and parking.
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