Summary - 28, Oakamoor Close S40 4SH
1 bed 1 bath Apartment
Affordable income property with long lease and low annual costs.
- 7.6% gross yield based on £550 pcm current rent
- One double bedroom with built-in wardrobe
- Large internal store room plus hall storage cupboard
- Upgraded modern bathroom; newly decorated internal presentation
- 111 years remaining on the lease; low ground rent £10 pa
- Service charge approx £250 pa; buildings insurance approx £100 pa
- Communal green space, seated balconies and off-street parking
- Area classified very deprived; local crime above average
A compact one-bedroom leasehold apartment offering ready-made rental potential and low running costs. The current figures show a circa 7.6% gross yield based on the advertised price and a stated monthly rent of £550 — attractive for buy-to-let portfolios or an investor seeking immediate income. The flat includes a double bedroom with built-in wardrobe, a generous living room with outlook over communal green space, a large internal store room and an upgraded modern bathroom.
Practical ownership is straightforward: 111 years remaining on the lease, low ground rent (approx. £10 pa), and an annual service charge around £250. The building benefits from gas central heating (combi boiler), uPVC double glazing, EPC C and loft insulation fitted in 2020 — all help keep ongoing costs modest. There is communal lawned space, seating balconies on each floor, on-street parking and a council-run garage rental option.
Buyer suitability is clear: investors wanting a hassle-light tenancy or first-time buyers seeking an affordable, chain-free entry to the market. Be aware of the material negatives: the wider area is classified as very deprived with above-average local crime statistics, which may affect tenant demand or resale, and internal floor area is modest at 504 sq ft so rental and sale values are constrained by size. The building is a mid-late 20th century council-style block and, although the apartment has been cosmetically refreshed, the exterior and communal areas are functional rather than high-spec.
In short: a small, well-presented flat that delivers immediate rental income and low holding costs, but buyers should factor in the neighbourhood profile and limited internal floor area when assessing long-term value.
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