Chain-free, income-producing flat with parking and commuter links.
Chain-free sale; tenant in situ paying £675pcm
Approx 532 sqft; compact two-bed ground-floor flat
Immediate investor yield quoted at 8.35%
Leasehold: 107 years remaining
Service charge ≈ £1,185pa; ground rent £200pa
Allocated off-street parking; EPC rating C
Very high local crime; area classified as very deprived
Small living space; suitable for first-time buyers or investors
Ground-floor two-bedroom apartment in Caxton Court, offered chain-free with a tenant in situ paying £675pcm — attractive to investors seeking immediate income and to first-time buyers planning future occupation. The 532 sqft layout includes an open-plan lounge/kitchen diner, a modern fitted kitchen with good storage, a double and a single bedroom, and a four-piece bathroom with shower-over-bath. EPC C and gas central heating provide reasonable running efficiency.
Practical ownership details: leasehold with 107 years remaining, service charge around £1,185pa and ground rent £200pa. Allocated off-street parking adds convenience, and the flat sits close to local shops, schools and main travel routes for easy commuting. Council Tax Band B keeps local tax costs low.
Be candid about location and risk: the postcode sits within a very deprived area with very high recorded crime — important for both owner-occupiers and investors to consider when weighing rental demand, insurance and resident suitability. Broadband is average and mobile signal is excellent. Flood risk is low.
For investors the current rent produces an approximate gross yield of 8.35% and immediate cashflow thanks to the sitting tenant. For first-time buyers, the chain-free sale and manageable running costs present a straightforward move-in option, though you should allow for limited internal space and to budget for ongoing service charge commitments. Overall this is a compact, low-maintenance property with clear income potential and practical commuter links.
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