Summary - 54, CONYGER CLOSE NN18 8FW
2 bed 1 bath Ground Flat
Immediate rental income with parking and scope for value-adding cosmetic upgrades.
- Two-bedroom ground-floor flat, approx. 488 sq ft
- Currently tenanted at £895 pcm (income-producing)
- Allocated off-street parking space included
- Gas central heating and uPVC double glazing
- Service charge ~£91.46/month; open-space maintenance quarterly
- Ground rent £150/year (fixed after deed of variation)
- Small overall footprint; requires internal updating to add value
- Crime level above average; tenure details not confirmed
A practical ground-floor two-bedroom flat offered with a long-term tenant in place, making it an immediate income-generating purchase for a landlord. The property has a straightforward layout: entrance hall with storage, open-plan lounge/diner, fitted kitchen, two bedrooms and a bathroom. An allocated off-street parking space and gas central heating with uPVC double glazing keep running costs predictable.
The flat is compact (approx. 488 sq ft) and was built 2007–2011, so basic construction and insulation standards are modern. Current rent is £895 pcm, providing instant cashflow. Service charges and maintenance fees apply (approx. £91.46/month service charge; Meadfleet open space maintenance £73.51/quarter) and a fixed ground rent of £150 pa after a recent deed of variation.
Key positives are the turn-key tenant income, low-maintenance exterior, allocated parking and good local amenities within walking distance, including convenience stores. Notable drawbacks: the home is small and will need internal updating for higher rents or owner occupation; crime in the area is above average; tenure details are not provided in the listing and should be checked; and ongoing service charges will affect net yield.
This suits buy-to-let investors seeking an immediate let with room to improve value through modest refurbishment. Owner-occupiers should note the current tenancy and compact floor area before viewing; clearing occupation or lease terms will require additional steps.
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