Summary - Apartment 12, 19, Princes Parade L3 1BD
1 bed 1 bath Apartment
Low-maintenance, tenanted investment with immediate rental income.
Waterfront apartment with concierge and lift access
A one-bedroom apartment in Alexandra Tower offering a straightforward, low-maintenance investment in a waterfront development. The property is tenanted (current rent £745 PCM) and has been occupied since May 2023, providing immediate rental income for a buyer seeking yield rather than an owner-occupier move-in.
The open-plan living/kitchen benefits from large windows and waterside outlooks; the apartment totals c. 549 sq ft and sits in a modern 2003–2006 development with concierge service and lift access. Practical details suit a buy-to-let portfolio: 120 years remaining on the lease, double glazing, electric room heaters and fast broadband/mobile connectivity.
Key ownership costs are clear: an annual service charge around £2,400 and ground rent £250. The building and area have material considerations for investors — the immediate neighbourhood is a cosmopolitan, multicultural student area with high local crime and a high flooding risk — factors to weigh when assessing future tenant demand, insurance and maintenance.
This property suits investors seeking a low-management, centrally located rental with waterfront appeal and stable tenancy. It is not ideal for buyers wanting long-term primary residence peace of mind without addressing the local crime and flood-risk exposures or the relatively high service charge.
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