Summary - 30 CHURCH MEWS WISBECH PE13 1HL
1 bed 1 bath Flat
Low-cost, tenant-in-situ one-bed flat — investment with lease and location caveats.
One-bedroom second-floor flat with tenant in situ and no onward chain
Lease 61 years remaining — may affect mortgage availability
Town centre location close to amenities and public transport
Service charge approx £1,200/year; ground rent £25/year
Very high local crime rate and area classified as very deprived
Gas central heating; secure communal entrance
Modest accommodation — small kitchen, lounge, bathroom; potential refurbishment needed
This second-floor, one-bedroom leasehold flat sits in the town centre and is offered with a tenant in situ — a straightforward opportunity for an investor seeking immediate rental income. The building benefits from gas central heating, a secure communal entrance and low council tax, making ongoing running costs predictable. There is no onward chain.
Important practical considerations: the lease has 61 years remaining. That limited term may restrict mortgage options and could deter some lenders; buyers should check finance availability and factor potential lease-extension costs into their offer. The property sits within a very high crime and very deprived local area, which will influence tenant demand and long-term capital growth.
Accommodation is compact and functional: double bedroom, small kitchen, lounge and bathroom. The flat is in a modern purpose-built block (circa 1983–1990) with low-maintenance brick exterior. Service charge is approximately £1,200 per year and ground rent £25 per year — include these when calculating net yield.
For investors prepared to accept the location and lease constraints this offers immediate rental income and a very low purchase price. For buyers needing mortgage finance or a long lease term, this will require further investigation and possibly additional upfront costs to extend the lease.
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