Chain-free, ground-floor one-bedroom apartment
A ground-floor one-bedroom apartment in central Aldershot, offered chain-free and with immediate rental potential. The flat has a large open-plan lounge/diner, double bedroom with built-in wardrobes, shower room and one allocated off-street parking space. Its own front door leads onto an atrium-style communal courtyard and it sits within easy walking distance of the town centre and mainline station (Waterloo under an hour).
This is primarily an investor opportunity: current estimated rent of about £950 pcm gives a gross yield around 11% at the asking price. The building presents attractive period exterior character (Georgian Revival façade) while the interior shows dated mid-20th-century features and will benefit from cosmetic updating to maximise rent or resale value.
There are important, material drawbacks to note. The lease length is short (61 years remaining) and lenders will likely refuse to mortgage this property; it is marketed for cash buyers only. Service charges and ground rent apply (service charge quoted at £1,795 pa, ground rent £75 pa), and the surrounding area scores as very deprived, which will influence tenant profile and long-term capital-growth prospects.
For a cash investor seeking near-term income from a town-centre flat with parking and station access, this is a clear-let, low-management option that also offers scope for simple refurbishment. Prospective buyers should obtain leasehold legal advice and check lender acceptability before committing.
