Long lease and low running costs suit buy-to-let investors.
First-floor studio/one-bedroom apartment, compact living space
A compact first-floor studio/one-bedroom flat in sought-after NR3, offered with an unusually long lease (961 years) and a private garage beneath the building. The property is a straightforward investment: small living area, separate kitchen and shower room, and double glazing installed after 2002. Service charge is modest at around £100 per year, and council tax is very low — both support rental yield and running-cost control.
The interior is dated in places; the kitchen dates from the 1980s and will need modernization to meet current tenant expectations. Heating is by room heaters with mains gas available, and the building’s cavity walls were built without insulation (assumed), so expect some efficiency upgrades if targeting longer-term lettings or owner-occupiers. No flooding risk is reported and mobile and broadband connections are strong.
This is presented primarily as an investment opportunity: location in a mixed terrace-and-flat neighbourhood close to local amenities and schools, plus the rare addition of a garage, make it suitable for buy-to-let or a buy-to-sell refurbishment. Major structural or service issues are not indicated, but buyers should commission their own checks and note potential additional leasehold-related fees (lease packs, etc.).
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