Long lease, tenant in place with attractive rental return and low charges.
Long lease c.114 years remaining, secure tenure details available
Tenant in situ producing c.8.5% gross yield
Low service charge £500pa and ground rent £125pa
Generous 657 sq ft; two reception rooms, convertible second space
Solid brick walls; likely no cavity insulation, EPC rating D
Second-floor flat — limited external maintenance obligations
Very high local crime level — affects insurance and tenant screening
Central town location with excellent mobile signal, average broadband
This second-floor, one-bedroom apartment in a Georgian red-brick terrace offers a straightforward buy-to-let with a long lease and an established tenant. At about 657 sq ft the layout includes two reception rooms (one easily convertible to a second bedroom or home office), a galley kitchen and a rear-facing bedroom, creating flexible rental appeal in a central Tewkesbury location.
Financially the property is geared for investors: a current yield of c.8.5% with a tenant in situ, low annual service charge (£500) and modest ground rent (£125). The lease has c.114 years remaining and external upkeep is limited by its second-floor position, which reduces landlord responsibilities.
The building is characterful and well maintained internally, but buyers should note its solid brick construction likely lacks cavity insulation and it carries an EPC rating of D. The area records very high crime levels, which will affect tenant profiling and insurance costs. Broadband speeds are average while mobile signal is excellent — useful for modern rental demand.
This is a practical, income-focused purchase for investors seeking a town-centre, historic asset with immediate cash flow. The layout and central location offer straightforward re-letting potential, but factor in possible energy-efficiency improvements and the local crime profile when assessing long-term returns.
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