Summary - William Shipley House ME15 6XD
1 bed 1 bath Flat
Compact, well-presented one-bedroom flat with parking and strong rental potential..
115 years remaining on lease
Allocated underground parking space
Open-plan living with recent secondary double glazing
Service charge about £2,350 per year
Ground rent £340 per year, subject to increases
Electric room heaters (no gas central heating)
Small 427 sq ft footprint—compact living
Located in high-crime, deprived area (may affect resale/tenants)
A compact, well-presented one-bedroom apartment in William Shipley House, offered chain free and with 115 years remaining on the lease. The open-plan living area has large windows and recent secondary double glazing, creating a bright, low-noise home well suited to a first home or buy-to-let.
Practical benefits include an allocated underground parking space, easy town-centre access, and strong rental figures shown by a quoted 7.88% gross and 6.41% net yield. Broadband and mobile connectivity are good, and the flat is a short walk from shops, transport links and local schools.
Buyers should factor in the running costs and building charges: an annual service charge of approximately £2,350 and ground rent of £340 (reviewed periodically). Heating is electric via room heaters rather than gas central heating, and the property sits in an area with high recorded crime and local deprivation, which may affect resale or tenant demand.
Overall this is a tidy, move-in-ready apartment that suits first-time buyers wanting city convenience or investors seeking immediate rental income. The compact 427 sq ft layout limits space but keeps maintenance manageable and running costs predictable.
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