Turnkey one-bed investment with long lease and balcony in central Rock location.
Tenant in situ — immediate rental income (current rent £795 pcm)
Long lease: 238 years remaining
Balcony overlooking central plaza; recent balcony floor renewal
EPC rating B; double glazing, modern construction (2010)
Service charge £178.89 pcm (£2,146.68 annually)
Electric room heaters (no gas central heating) may raise running costs
Average size 546 sq ft; one bedroom, one bathroom, open-plan layout
Located in a very deprived wider area — consider long-term growth risk
This fifth-floor one-bedroom apartment at The Rock is offered with a tenant in situ, making it a turn-key income option for investors seeking immediate rental return. The light-filled open-plan living/kitchen leads to a balcony overlooking the central plaza; neutral décor and integrated appliances keep upkeep low for a buy-to-let landlord.
Practical ownership features include a long lease (238 years), EPC rating B, double glazing and a CCTV door-entry system. The property is average-sized at 546 sq ft and benefits from modern construction (circa 2010) and recent balcony floor renewal, reducing short-term maintenance needs.
Notable considerations: heating is by electric room heaters rather than gas central heating, which can affect tenant bills and appeal. Service charge is £178.89 per month (about £2,146.68 annually), and the property sits in a wider area classed as very deprived — factors to weigh against rental income and long-term capital growth.
This apartment suits investors prioritising immediate rental income and low initial refurbishment work. Its central Rock location provides strong tenant demand and local amenities, but factor in running costs and the local socio-economic context when assessing total return.
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