Summary - CHURCH RISE FLAT 6 CHURCH HILL TEMPLECOMBE BA8 0HQ
1 bed 1 bath Flat
**Standout Features:**
- First-floor apartment close to Templecombe Railway Station
- Currently let with a long-term tenant generating an annual income of £6,900 (9.2% yield)
- Off-road parking available
- Chain-free sale
- Leasehold with 62 years remaining on the lease (potential mortgage issues)
**Summary:**
Investors, this tidy first-floor apartment presents a prime opportunity with a reliable tenant in place, currently generating £6,900 annually. Conveniently located near Templecombe Railway Station, this one-bedroom flat boasts a functional living space, including a cozy sitting/dining room and a compact kitchen complete with essential appliances. The neutral decor provides a simple backdrop, while the double-glazed windows ensure a bright atmosphere.
**Potential Downsides:**
Please note, the remaining lease of 62 years may present challenges with financing, as mortgage lenders might refuse to lend. The flat features average-sized rooms and an average overall size, suitable for individual occupants or couples but may not appeal to those seeking more spacious accommodations. Nonetheless, with reasonable service charges and an affordable annual ground rent, this property stands out in an accessible location perfect for investment. Don't miss this chance to add to your portfolio; opportunities like this are not available for long.
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