Summary - Apartment 12, Candia Tower, Jason Street L5 5EN
2 bed 1 bath Apartment
### Standout Features
- **Two-Bedroom Layout**: One double bedroom and one single bedroom
- **Spacious Living Area**: Bright and airy living room with access to a private balcony
- **Investment Opportunity**: Currently tenanted, generating £700/month with lease until June 2025
- **Renovation Potential**: Needs cosmetic updating throughout, offering a chance to personalize
- **Allocated Off-Street Parking**: Convenient addition in a major urban setting
- **Low Council Tax Band**: Affordable expense for potential buyers
### Insights
This two-bedroom first-floor apartment, situated in a Brutalist-style building in a vibrant urban area, presents a compelling opportunity for cash buyers and savvy investors. The property boasts a spacious living room filled with natural light, two bedrooms, a functional kitchen, and a bathroom with a separate WC. With a current monthly rental income of £700, it promises immediate returns for buy-to-let investors.
While the apartment requires cosmetic updates, it holds significant potential for renovation tailored to personal tastes. The leasehold comes with 236 years remaining, and an annual service charge of £1,980 includes ground rent, which is notably high, along with manageable council tax costs. Keep in mind, the area is classified as highly deprived and has higher crime rates, making it a consideration for families seeking more secure environments.
Educational facilities in the vicinity are solid, with several schools rated 'Good' to 'Outstanding'. Fast broadband and excellent mobile signal enhance the amenities for potential residents. Don’t miss this unique opportunity—properties like this don’t stay on the market for long!
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