Long-lease two-bed flat with renovation upside and no onward chain.
Share of freehold with renewed 999-year lease
A compact two-bedroom flat in central Aldershot offering an attractive long-lease investment opportunity. The property is sold with no onward chain and a rare share of freehold with a renewed 999-year lease, which removes immediate leasehold risk and helps long-term resale value.
Currently let at £815pcm to a long-standing tenant, the flat returns a circa 5.7% yield as-is. With targeted modernisation — new kitchen, bathroom, replacement floors and redecoration — projected market rent is around £1,200pcm, which could lift gross yield to about 8.4% depending on final costs and tenancy management.
The building is a period Victorian terrace with high ceilings and original features; the flat has double glazing and an EPC rating C. Practical advantages include central location close to shops, transport links and amenities, permit on-street parking, excellent mobile signal and fast broadband. Service charge is low (approx. £25/month, building insurance only).
Notable negatives are that the flat needs renovation throughout to reach top-market rents, heating relies on room heaters and mains gas, walls are likely uninsulated solid brick and the wider area records very high crime and measures of deprivation. Buyers should allow for refurbishment costs and be comfortable operating in a high-crime, urban setting.
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