Character-filled town-centre flat with strong rental potential.
First-floor two-bedroom apartment with original exposed stone and beams
Immaculate condition; modern open-plan kitchen and living area
Lift access and secure gated off-street parking (optional £55 pcm)
Long lease: 999 years (from 2021); leasehold tenure
Service charge £103 pcm; ground rent £100 per year
Listed building (Grade II) — restrictions and possible complications
Strong rental case quoted ~8% gross yield; suitable for investors
Local area has very high crime and high deprivation — consider location impact
Set within a striking Grade II listed former foundry, this two-bedroom first-floor apartment blends original character with contemporary finishes. The living space showcases exposed stone walls and wooden beams beside a modern fitted kitchen — a bright, flexible open-plan layout suited to everyday living or rental occupation. With lift access and secure off-street parking, practical urban comforts accompany the building's heritage features.
The flat is presented in immaculate condition throughout and benefits from double glazing installed post-2002, electric boiler and radiators, and a long lease (999 years from 2021). Running costs are modest: a below-average service charge of £103 pcm and small ground rent of £100 per year; optional allocated parking is available at around £55 pcm. Council tax is low and broadband/mobiles are strong.
This property suits first-time buyers seeking a characterful town-centre home or investors targeting a cited circa 8% gross yield (rental example provided). Note that the Grade II listing may limit external alterations and could complicate permissions or future works. The wider area shows high deprivation and very high recorded crime levels — factors to weigh for owner-occupiers and lettings.
Overall, the apartment offers straightforward, low-maintenance town living with genuine period charm and income potential, balanced by listed-building constraints and local area challenges. Viewing will best show the scale, light and the communal courtyard amenity.
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