Low-cost leasehold studio with tenant in situ and attractive rental yield..
- Tenant in situ paying £500pcm, approximate gross yield 7.5%
- No onward chain; sold to landlords only
- Lease being extended; about 166 years remaining on completion
- Very low annual service charge £39; insurance ~£302.19 pa
- Compact studio c.23.4 sq.m (approx. 252 sq.ft)
- Electric room heating; higher running costs possible
- Double glazing, separate kitchen and communal parking
- Ground floor, late 1960s–1970s block; consider inspection
A compact ground-floor studio in a popular Droitwich location, offered with no onward chain and a tenant in situ. The flat is currently let at £500 pcm, giving an approximate gross yield of 7.5% for buy-to-let buyers. Communal parking, double glazing and a separate kitchen add practical appeal for rental occupancy.
The lease is being extended and will show about 166 years remaining on completion. Annual costs are low: a service charge of £39 pa and building insurance circa £302.19 pa. The building dates from the late 1960s–1970s and presents a straightforward maintenance profile from the communal exterior.
Important considerations: the studio is very compact (c.23.4 sq.m / c.252 sq.ft) and uses electric room heating, which can be more expensive than gas. It is sold to landlords only, with tenancy continuing, so immediate owner-occupation is not available. A professional inspection is advised to confirm communal maintenance and any latent issues.
This property is aimed at investors seeking a low-entry rental purchase in a very low-crime, affluent suburb with good broadband and mobile signal. Its location offers easy access to Droitwich town centre, local amenities and routes towards Worcester and the M5, supporting steady rental demand.
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