Two-bed ground-floor flat in Cheswick Village with rental income and allocated parking.
Two double bedrooms and two bathrooms (main with en-suite)
Ground-floor, open-plan living room with fitted kitchen
Currently let corporately at £19,560 per annum (income in place)
110-year lease; leasehold tenure
Service charge £1,897 p/a; ground rent £150 p/a
Allocated off-street parking for one car
Small footprint (504 sq ft) — compact living and limited amenity space
High local crime rate; area classed as very deprived; slow broadband
A compact, contemporary ground-floor apartment in Cheswick Village offering immediate rental income or a practical first home. The flat is presented in good decorative order with an open-plan living room and fitted kitchen, two double bedrooms and two bathrooms — the main bedroom benefits from an en-suite and built-in wardrobes. Sold with no onward chain and a corporate let in place producing £19,560 per annum, it suits investors seeking a let-in-place purchase or buyers wanting straightforward occupation.
Practical details are investor-friendly: a 110-year lease, allocated off-street parking for one car, a modest ground rent of £150 p/a and an annual service charge of £1,897. The location is well connected — close to the MoD, Parkway station and major motorway routes (M4/M5/M32) — which supports tenant demand from commuters and local employers.
Buyers should note material considerations plainly. The property is leasehold and the service charge is relatively high for a small 504 sq ft apartment, which affects running costs. The local area scores high for crime and is classed as very deprived; broadband speeds are reported slow despite excellent mobile signal. These factors will influence rental yields, resale appeal and suitability for some owner-occupiers.
Overall, this is a practical, low-maintenance urban flat with immediate income potential and sensible long-lease security. It will particularly appeal to investors wanting an operational let in Cheswick Village or first-time buyers prioritising location and transport links — provided they accept the higher service costs and local area challenges.
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