Well-yielding three-bed ground-floor flat with garden—ideal for investors seeking immediate income..
3 bed ground-floor flat with rear garden and bright living room
Tenants in situ delivering a net 9.4% annual rental yield
Leasehold with 159 years remaining, long lease reduces purchase risk
Service charge & ground rent combined circa £1,846 per year
Sold at online auction — buyer's premium and 28-day completion apply
Compact overall size (588 sq ft); limited space for large families
Bathroom and kitchen would benefit from updating to add value
EPC C and council tax band C help keep running costs lower
This ground-floor three-bedroom apartment in a popular modern Weavering development is aimed squarely at investors seeking immediate rental income. It is offered with tenants in situ and currently delivers a net 9.4% annual rental yield, making it attractive for buy-to-let portfolios or investors seeking a quick income stream.
The flat has about 55 m² (588 ft²) of internal space, a rear garden and a bright living room. The accommodation is well laid out but compact; the kitchen and bathroom would benefit from modernisation to increase rental value or resale appeal. EPC C and council tax band C help keep running costs reasonable.
Important sale conditions: the property will be sold at online auction (24 Sept 2025) as an unconditional lot. Successful buyers must pay the required deposit and a buyer’s premium, and complete within 28 days — factor these costs and timescales into any offer. Leasehold details are favourable: 159 years remaining with service charge and ground rent combined around £1,846pa.
This is a straightforward, low-maintenance investment with immediate rental return and upside from basic improvements. Its small overall size means it suits investors or first-time buyers comfortable with compact living rather than those needing larger family space.