Summary - KINGSTON MEWS FLAT 5 CRABTREE ROAD THORNTON-CLEVELEYS FY5 4HW
2 bed 1 bath Flat
High-yield, long-lease flat with parking and tenant in place.
Chain-free two-bedroom first-floor flat with allocated off-street parking
Long 999-year lease; ground rent only £25 per year
Current rent £625pcm; sold with tenant in situ if desired
Approx 614 sq ft — compact accommodation, three main rooms
Service charge £300 per year (below average)
Electric storage heaters — higher running costs likely
Area records higher-than-average crime levels
Public notice: offer of £70,000 received; higher bids invited
A chain-free two-bedroom first-floor flat offered with long lease length and an allocated parking space — a practical choice for investors seeking immediate rental income. The property is let at £625pcm, giving a strong gross yield of about 10% at the asking price of £75,000. The 999-year lease, low ground rent and below-average service charge help keep ongoing costs modest.
Internally the flat is compact (approximately 614 sq ft) with a good-sized lounge, fitted kitchen and a fitted bathroom. Double glazing is present and the building dates from the late 1990s/early 2000s. Heating is via electric storage heaters; prospective buyers should budget for potentially higher running costs compared with gas central heating.
Notable negatives are straightforward: the area records higher crime levels than average, the flat is small and requires standard maintenance typical of a rental property, and electric heating may not suit all buyers. The sale can complete with the tenant in situ, or vacant possession can be sought — a current offer of £70,000 has been made and higher bids may be submitted prior to exchange of contracts.
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