Long lease, immediate rental income opportunity in central Leagrave.
Chain free with 960 years remaining on lease
A newly refurbished one-bedroom first-floor apartment in central Leagrave, offered chain free with a very long lease (960 years). The flat has a 15ft lounge/diner with bay window, refitted Howdens kitchen with integrated hob/oven, and a refitted three-piece bathroom — all updated in 2022. Outside there are well-maintained communal gardens and one allocated parking space, creating a pleasant, low-maintenance setting.
This property is currently tenanted at £1,000 pcm, presenting an immediate income stream for a buy-to-let investor or a straightforward vacant purchase once tenancy ends. The building has modern double glazing and an EPC rating of C, which supports better lettability and energy performance than many local flats.
Buyers should note practical drawbacks: heating is via electric storage heaters, and walls are cavity as built with assumed no added insulation, which may lead to higher heating costs. The area records above-average crime and is classified as deprived, factors to weigh for owner-occupiers and risk assessments for investors.
Overall, the apartment suits investors seeking an income-producing, low-management flat with a long lease and recent refurbishment. It will also appeal to first-time buyers looking for a compact, move-in-ready home in a well-serviced suburb — but expect typical small-flat running costs and to consider insulation or heating upgrades over time.