Low-maintenance City pied-à-terre or investor-ready flat with strong transport links..
Chain-free third-floor apartment with lift access
502 sq ft one-bedroom open-plan layout, modern finishes
Producing 5.5% yield; agreed rent increase agreed to boost returns
124-year lease, ground rent £250, service charge £980 (below average)
Solid brick walls with no known insulation — may increase heating costs
Double glazing present; installation date unknown
Very high local crime rate — consider security and insurance costs
Excellent transport links: Monument and Bank stations nearby
Set on a quiet historic lane in the heart of the City, this third-floor one-bedroom apartment offers low-maintenance central living with excellent transport links to Monument and Bank stations. The open-plan reception and kitchen create a bright, flexible living space suitable as a first home, City pied-à-terre or buy-to-let.
Currently producing a 5.5% yield with an agreed rent increase, the flat is chain free and available with vacant possession or tenants in situ. The 124-year lease, modest ground rent (£250) and below-average service charge (£980) support straightforward ownership and investor cashflow.
Buyers should note material considerations: the building has solid brick walls with no known insulation (may affect heating costs), glazing is double but installation date is unknown, and the area records very high crime levels — important for owner-occupiers and landlords to factor into insurance and security planning. Heating runs from a mains gas boiler and radiators.
Overall this is a well-located, low-upkeep City apartment that delivers immediate rental income or a convenient central base. It suits first-time buyers seeking a compact central home, investors after a predictable yield, or professionals needing a secure pied-à-terre near the Square Mile.