Ready-let two-bedroom with strong yield and updated interior.
Currently tenanted at £1,450 pcm (immediate income)
Approx. 8.7% gross yield, ~7.5% net yield
Leasehold with 89 years remaining
Service charge ≈ £1,848 p.a. (£184 pcm); ground rent £250 p.a.
Electric storage heating; higher running/upgrade costs likely
System-built 1967–75 concrete block; assumed no wall insulation
High local crime and very deprived area may limit capital growth
Large master, generous second bedroom, modern kitchen and bathroom
This first-floor two-bedroom flat in Whittingham Avenue offers a straightforward rental investment with immediate income. The property is currently let at £1,450 pcm, producing a strong gross yield (approx. 8.7%) and a net yield around 7.5%, making it attractive for investors seeking cashflow from day one.
The apartment benefits from a large master bedroom, a generous second bedroom, a spacious lounge and a modern bathroom. Fixtures and fittings are described as luxury and the kitchen appears updated with integrated appliances and a breakfast bar. An enclosed balcony adds external space. Council Tax Band A keeps running costs lower for tenants.
Buyers should note several material considerations: the flat is leasehold with 89 years remaining, service charges run at about £1, *848* p.a. (£184 pcm) and ground rent is £250 p.a. Heating is via electric storage heaters and the building is a system-built concrete block from the late 1960s/early 1970s with assumed lack of cavity insulation. Double glazing is in place but predates 2002. The wider area records high crime and significant deprivation, which will affect long-term capital growth and tenant demand profile.
For investors this is a straightforward, let property that requires no immediate refurbishment to remain tenanted but does carry medium-term maintenance and lease considerations. For owner-occupiers, the flat offers roomy accommodation and modern interior finishes but the building fabric, heating type and neighbourhood statistics are important factors to weigh before proceeding.
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