Second-floor town-centre apartment with balcony, long lease and immediate rental potential..
No onward chain; potential tenant in situ
Long lease — approximately 108 years remaining
Private balcony and nearly 17ft living room
Brand-new refitted kitchen, compact but well-equipped
Small footprint — about 387 sq ft, limited storage
Service charge approx £2,495 per year
Ground rent £203.90 per year
Area crime levels above average; consider security implications
A compact, well-presented one-bedroom apartment on the second floor of Calloway House, close to Farnborough town centre and the mainline station. The living room stretches to almost 17ft and opens onto a private balcony; a newly refitted kitchen and a double bedroom complete the practical layout.
This is a straightforward purchase for first-time buyers seeking town-centre convenience or investors chasing rental income. There is a potential tenant in situ and the quoted yield is around 7.2%, offering immediate income potential. The long lease (approx. 108 years) reduces medium-term lease concerns.
Practical costs to note: service charges average £2,495/year and ground rent is £203.90/year. The apartment is small (about 387 sq ft) and located in an area with above-average crime statistics; buyers should factor maintenance and management costs for the communal scheme and communal heating.
Overall, the property suits someone wanting low-move-in hassle and transport links, or an investor seeking a city-centre rental asset with immediate occupancy possibilities. Viewing recommended to assess the apartment’s scale and the communal facilities firsthand.
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