Summary - Apartment 2, Cathedral House, 3 Market Place DE1 3PW
1 bed 1 bath Flat
**Standout Features:**
- First floor studio apartment with a recent renovation.
- Prime city center location overlooking the Market Place.
- Currently tenanted, yielding an impressive 7.7% annual return (£6,900 income).
- Modern amenities including secondary glazing, electric heating, and integrated kitchen appliances.
- Located in a cosmopolitan student neighborhood.
**Potential Concerns:**
- Small overall size of 350 sq ft may not suit all buyers.
- Property is leasehold with a service charge of £1,000.
- High crime rate in the area and very slow broadband speeds could be drawbacks for some.
Discover the perfect investment opportunity with this newly renovated first floor studio apartment, gracefully situated in a Grade II listed building in the bustling city center. With a current tenant generating a healthy annual rental income of £6,900, this property provides an enticing 7.7% yield, making it an ideal choice for investors seeking consistent returns. The studio features a bright open-plan layout with modern kitchen amenities, a cozy lounge area complete with a feature fireplace, and a sleek shower room.
While the compact 350 sq ft size may pose limitations for some, the apartment’s contemporary design and desirable location—enhanced by close proximity to local amenities and schools—adds significant value. It offers excellent mobile signal but has issues with slow broadband speeds. Moreover, being in a region with a very high crime rate might raise concerns for some potential buyers. Seize this opportunity to invest in a thriving area before it’s gone—viewing is essential!
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