Ready-let investment near Burton Road amenities.
Sold with tenant in situ, achieving circa 7.6% yield
A ready-let, third-floor apartment ideal for investors seeking immediate income. The property is sold with a sitting tenant and currently achieves a strong yield (circa 7.6%), providing predictable cash flow from day one. Located moments from Burton Road’s bars, restaurants and transport links, the location supports high rental demand.
The flat sits in a modern purpose-built development with lift access, gated resident parking and a Juliet balcony off an open-plan living/kitchen. Accommodation includes a good-sized double bedroom with built-in wardrobes and a three-piece shower room. The long lease (228 years) reduces long-term leasehold risk.
Important sale conditions: this property is for cash buyers only and will be sold at auction with a non-refundable reservation fee and a Buyer Information Pack charge payable before bidding. The buyer must complete within the auction’s 56-day reservation period — not suitable if you need a conventional mortgage or a lengthy sale process.
Running costs and charges to note: the property uses electric room heaters (higher running costs than gas central heating), service charges average £1,332 and ground rent is £150. These predictable costs and the tenant in situ make this a straightforward let purchase, but buyers should budget for the reservation fee and auction-related costs before bidding.
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