Spacious commuter flat with long lease and strong rental yield potential.
Allocated off-street parking included
Long lease: 964 years — low leasehold risk
Good commuter location — walking distance to mainline station
Size 603 sq ft, one bedroom, one bathroom
EPC rating D; electric storage heating (higher running costs)
Ground rent £10 (unknown review terms)
Area records above-average crime — factor into lettings/resale
Average broadband and mobile signal in the area
This 1-bedroom flat in Ryde Drive offers a clear investment focus: a spacious 603 sq ft layout, long lease (964 years) and allocated off-street parking. Its position in a quiet residential area is a short walk from the mainline station, giving reliable commuter appeal for let-let tenants or owner-occupiers. The property dates from the 1980s/1990s and presents as a modern, well-kept apartment suited to straightforward rental management.
Running costs and condition are practical considerations. Heating is by electric storage heaters and the main fuel is electricity, so energy bills may be higher than gas-heated homes; the EPC rating is D. Windows are double glazed (installation date unknown). Broadband and mobile signal are average for the area. Ground rent is low (£10), and the very long lease removes a common leasehold concern.
For investors this flat offers a projected yield above 6% (based on the asking price), good commuter catchment and straightforward tenant demand. For a first-time buyer it’s a manageable single-storey home with allocated parking and local amenities close by. Note the local area records above-average crime, which should be considered when assessing rental attractiveness or resale.
The building and flat are suitable for immediate occupation or letting with minimal work, though potential buyers who prefer lower-energy properties may wish to budget for heating upgrades. Overall this is an economical, low-maintenance flat in a commuter-friendly location with clear investment potential.
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