Immediate rental income in a landmark building with secure parking and concierge.
Long‑standing tenant in situ — potential immediate rental income
Strong gross rental yield circa 10% (buy‑to‑let appeal)
Grade II listed building with historic character and high ceilings
Allocated secure parking and concierge service included
Above‑average service charge (£4,132.14) for listed building upkeep
Leasehold: 98 years remaining; ground rent £100 per year
Electric storage heating, likely uninsulated solid walls — efficiency concerns
Double glazing installed before 2002 — potential replacement cost
Set within the Grade II‑listed South Western House, this one-bedroom third-floor apartment offers immediate rental income and strong yield potential. A long‑standing tenant is in place and would prefer to remain, providing continuity and an estimated rental yield of circa 10% — attractive for buy‑to‑let investors seeking city‑centre returns.
The apartment combines period character with practical living: high ceilings, large rooms and an open‑plan kitchen/living area create an airy feel, while allocated secure parking and a concierge add convenience and security. The building’s historic foyer and communal reading room accentuate its landmark status and appeal to tenants who value provenance and central location.
There are important considerations that affect running costs and future plans. The annual service charge is above average (£4,132.14) to cover specialist maintenance for the listed fabric, and the property is leasehold with 98 years remaining and a small ground rent (£100 p.a.). Heating is via electric storage heaters, walls are likely uninsulated and the double glazing predates 2002 — factors that can increase energy costs and may limit tenant demand from those seeking modern efficiency.
Listed status preserves character but places restrictions on alterations and could complicate refurbishments. Overall this is a well‑located, historically significant flat offering strong rental returns for an investor comfortable with higher service charges, leasehold ownership and the constraints of a listed building.