Summary - 7 The Hedgerows NG34 8RE
2 bed 1 bath Apartment
Long lease, low running costs and town-centre location ideal for steady rental returns.
Currently let at £480 pcm with potential to increase rent
This first-floor two-bedroom leasehold apartment sits on a modern development within easy walking distance of Sleaford town centre and local amenities. Currently let at £480 pcm on an assured shorthold tenancy, it offers a predictable rental income with scope to review the rent at renewal. The long lease (992 years) and EPC B rating reduce ownership uncertainty and running costs.
The layout comprises a lounge, compact fitted kitchen, two bedrooms and a bathroom, all served by gas central heating and UPVC double glazing. The property includes off-street parking and communal access via a hall and stairs. At approximately 625 sq ft, the apartment is average sized and finished in a contemporary style typical of 2007–2011 builds.
Running costs are straightforward: the combined service charge and ground rent are about £1,800 per annum (service charge around £1,558; ground rent £250). Council Tax Band A is very low, helping net yield. Note the apartment is sold subject to the existing tenancy; the landlord has indicated willingness to serve a Section 21 after sale if vacant possession is required, but buyers must confirm terms with their solicitor.
This property suits investors seeking a low-management, town-centre let with long lease security and modest service costs. It also offers light refurbishment potential to increase rental value, but purchasers should budget for any tenant-related timelines and allow for typical maintenance on a mid-2000s building.
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