Summary - Flat F, 15, Chaucer Road MK40 2AJ
2 bed 1 bath Apartment
Characterful two-bedroom flat with balcony and strong rental potential.
- Two bedrooms across split levels; master bedroom with balcony
- Open-plan kitchen/living room with modern fittings and natural light
- 679 sqft total; 118 years remaining on lease (leasehold)
- Current rent £1,050pcm — gross yield approx. 7.8% at asking price
- Service/ground charge c. £171pcm (£2,052pa)
- Electric storage heating; likely solid brick walls without insulation
- Double glazing fitted post-2002; no flood risk recorded
- Higher local crime rate and area classified as deprived
Set over split levels in a Victorian semi, this two-bedroom apartment combines period character with a modern interior and practical city-centre connectivity. The open-plan kitchen/living room and a large master bedroom with a balcony create comfortable, light-filled spaces suitable for single buyers, couples or landlords targeting professional tenants.
Financially the property is straightforward: 118 years remain on the lease and current rental income of £1,050pcm gives a gross yield of about 7.8% at the asking price. Service charges and ground rent total £171pcm (approx. £2,052pa), so investors should factor those costs into net returns. There is no onward chain, which can speed transaction times for buyers ready to move or let.
Practical considerations are clear: heating is by electric storage heaters and the building has solid brick walls likely without cavity insulation, so running costs may be higher than gas-heated homes. The area is classified as deprived with a higher crime rate locally, although transport links are strong (fast rail to London and good road access). Double glazing was installed after 2002, and there is no flood risk.
Overall this property suits first-time buyers wanting a manageable, characterful home near town amenities and commuters needing quick rail links. It also presents a genuine buy-to-let opportunity for investors who accept the service charge and potential higher energy costs in exchange for an attractive yield and immediate rental income.
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