Income-ready studio in popular Droitwich location — landlords only, tenant in situ..
- Sold to landlords only; tenant in situ, periodic tenancy
- Approximate yield 7.4% at current rent of £495 pcm
- Lease being extended; ~166 years remaining on completion
- Very low service charge (~£39 pa); insurance ~£302.19 pa
- Ground-floor studio with separate compact kitchen and shower
- Electric room heaters only — higher running costs likely
- Communal off-street parking; double glazing throughout
- Small footprint — suited to single occupant or investor
A compact ground-floor studio offered to landlords only with a tenant in situ and no onward chain. The unit currently produces £495 pcm, giving an approximate yield of 7.4% at the asking price — a clear income-focused opportunity in a sought-after Droitwich location.
The lease is being extended to 210 years from the original 1981 term, leaving about 166 years on completion. Annual running costs are low: service charge approximately £39 per year and separate building insurance around £302.19 per year. Communal off-street parking and double glazing add practical benefits for occupants.
Internally the layout is efficient: living area, separate compact kitchen, dressing area and shower room. The property is small and best suited to a single occupant or a buy-to-let portfolio. Note the unit uses electric room heaters (no central gas) which can raise tenant energy costs compared with gas-heated properties.
Important negatives for investors: the sale is landlords-only with a tenant on a periodic tenancy, so vacant possession will not be available; prospective buyers should review tenancy terms and rent history. The building is a 1980s brick block with limited communal amenity and modest exterior grounds. An internal inspection and lease documentation review is recommended before purchase.
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