Convenient city living with strong rental income potential.
Private balcony overlooking communal areas
A compact one-bedroom apartment in a converted industrial building, designed for strong buy-to-let returns. Located in a cosmopolitan student neighbourhood close to transport links, this flat offers a private balcony and secure gated parking — features that strengthen rental appeal and demand.
The long lease (950 years) provides tenure security, while advertised figures indicate a circa 9% yield, making the property attractive to investors seeking immediate income. The open-plan lounge/dining area with a separate kitchen and good natural light will suit student sharers or young professionals.
Buyers should budget for ongoing running costs: service charge £292pcm (c. £3,504 pa) and ground rent £17pcm. Heating is by electric room heaters, which can be more costly than gas central heating and may affect tenant outgoings. Crime levels in the local area are above average; factor this into rental pricing and insurance choices.
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