Low-entry investment close to shops, schools and public transport.
Investment-priced one-bedroom flat, low entry cost (£75,000).
Convenient town-centre location near shops and transport.
Long lease remaining — approximately 200 years.
Dated 1970s–1980s kitchen; needs modernization.
Mains gas central heating; double glazing present.
Small footprint — about 474 sq ft (compact living).
Area classified as very deprived; above-average local crime.
Low ground rent (£10) and very cheap council tax.
A compact one-bedroom flat on St Katherines Way offered at a low entry price — aimed squarely at investors seeking a straightforward rental asset. The property sits within easy walking distance of town centre shops, transport links and local amenities, which supports steady tenant demand in the area.
Internally the flat is serviceable but dated: a medium-sized living area with open-plan kitchen from the 1970s–1980s will need modernization to achieve higher rents or resale value. Heating is mains gas via boiler and radiators, and the home benefits from double glazing and a long remaining lease (around 200 years).
Be aware of the location’s constraints: the wider area is classified as very deprived with above-average crime levels, and the immediate neighbourhood is described as constrained renters. Ground rent is low (£10) and council tax is very cheap, which helps running costs, but prospective buyers should factor in refurbishment and management costs when calculating yields.
For an investor this is a low-cost, low-complexity purchase with immediate lettability potential due to proximity to shops, schools and public transport. A modest refurbishment to the kitchen and general decoration would materially improve rental income and capital prospects.
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