Summary - Apartment 314, Laurence Place, 2 New Kings Head Yard M3 7GH
1 bed 1 bath Apartment
Investor-ready apartment with established income and long lease in a premium central location.
Let at £950 pcm — tenant in situ until August 2026
Quoted gross yield c.6.7% for cash purchasers
Large private north-westerly balcony with city views
243 years remaining on lease — long security of tenure
Service charge approx £1,878.18 per year
Ground rent c.£450 pa, increases every five years with RPI
Electric room heaters (no communal gas heating)
Sold to cash buyers only — mortgage-dependent purchasers may be excluded
Located on the third floor of the modern Laurence Place development, this recently built one-bedroom apartment offers immediate rental income. The property is let at £950 pcm until August 2026, producing a quoted 6.7% gross yield — a straightforward option for cash buyers seeking city-centre exposure and predictable short-term returns.
The apartment is bright and well laid out with an open-plan reception and integrated kitchen, double bedroom and a large private north-westerly balcony for evening sun and city views. The development provides communal benefits including a gym, generous shared spaces and 24-hour concierge, supporting long-term tenant appeal in this popular central location close to Victoria Station.
Practical considerations are clear: the flat uses electric room heaters rather than a communal gas system, and the service charge is circa £1,878.18 per annum with ground rent of circa £450 pa (increasing every five years in line with RPI). The lease has approximately 243 years remaining, and the building was constructed in 2021, so major roof/structure concerns are unlikely in the near term.
This is sold with a sitting tenant until August 2026 — suitable for investors prioritising immediate income but less so for buyers needing vacant possession. The vendor is inviting cash buyers only; those requiring mortgage finance should confirm eligibility separately. Overall, the apartment suits buy-to-let investors seeking a low-management, city-centre asset with a long lease and solid resident facilities.
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