Income-producing flat near three rail links, ready for an investor buyer.
- One bedroom apartment with open-plan kitchen/dining and dual-aspect lounge
- Tenant in situ, current rental income £1,300 pcm
- Leasehold with 83 years remaining; lease extension recommended
- Electric storage heating; may need modernisation
- Residents' car park with unallocated off-street spaces
- Service charge £740pa; ground rent £10pa
- Located within walking distance of three stations, ideal for commuters
- Local crime above average; area shows higher deprivation indices
This one-bedroom apartment in Beckenham presents a clear income opportunity for investors. Currently tenanted and producing £1,300pcm, it offers immediate rental return and easy management with communal access and secure storage.
Located within walking distance of Beckenham Junction, New Beckenham and Beckenham Hill stations, the flat appeals to commuters. The open-plan kitchen/dining flows into a dual-aspect lounge, and a generous bedroom provides comfortable living space within an average-sized 496 sq ft layout.
Buyers should note material issues: the property is leasehold with 83 years remaining, which will require prompt extension to protect long-term value. Heating is by electric storage heaters and the block dates from the 1967–75 period, so some modernisation may be needed. Crime is above average locally and the area scores higher on deprivation indices, factors to weigh for long-term capital growth.
Practical positives include fast broadband and excellent mobile signal, off-street residents’ parking (unallocated), a below-average service charge of £740pa and a very low ground rent. The apartment will be sold at auction via Secure Sale online bidding under their terms and conditions.