Compact, income-producing flat close to station and hospital — lease under 70 years.
Ground-floor one-bedroom flat, approx. 468 sq ft
A well-presented ground-floor one-bedroom flat in Alexandra Court, a short walk from Bedford town centre, the station and the hospital. The apartment is compact but light, with a 15ft bay-fronted living/dining room, fitted kitchen with appliances and a modern refitted shower room. The property is currently let at £925 pcm, providing immediate rental income for an investor.
Practical running costs are straightforward: EPC rated C, mains gas central heating, double glazing and a low council tax band A. There is a residents’ car park to the rear (first come, first served) and secure communal entrance. The service charge is stated at £666 per annum.
Important lease information is a material drawback: the lease has only around 65 years remaining and lenders may refuse to mortgage the property. Ground rent is to be confirmed. The wider area shows high crime and significant deprivation, which will affect resale appeal and tenant profiles. This is best suited to a cash buyer, a specialist lender, or a landlord comfortable managing short-lease and local-area challenges.
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