Summary - ALEXANDER COURT FLAT 5 HIGHBRIDGE QUAY HIGHBRIDGE TA9 3TG
2 bed 2 bath Ground Flat
Two-bed ground-floor flat, tenant in situ — immediate rental income with uplift potential.
Allocated off-street parking space included
A practical two-bedroom ground-floor flat on Highbridge Quay offered with a tenant in situ, providing immediate rental income. The property sits in a modern purpose-built block on the River Brue, a short walk (approximately 300 yards) from Highbridge mainline station and close to local shops and services. The living space includes a large lounge/dining area, kitchen, two bedrooms (one en-suite) and a Juliet-style balcony with river views.
From an investor perspective the numbers are clear: current rent is £600 pcm with a market rent estimated at £750 pcm, giving a net rental yield of about 6.53% at market rent. Leasehold terms are long (130 years remaining); annual running costs include a service charge of approximately £1,010.94 and ground rent of £150. EPC is C (77), and there are no reported building-safety issues or planning applications registered.
Key considerations: the property is in a very deprived area with very high local crime levels — factors that can affect tenant demand and long-term capital growth. Heating is electric storage heaters which can mean higher energy costs for occupants. The flat is sold with tenants in situ under an AST, so immediate access is not available to an owner-occupier. Parking is allocated off-street, and mobile signal and broadband speeds are good.
Overall this is a turn-key rental purchase for a buyer seeking immediate income, with potential to increase rent to the market level. Buyers should factor in local socio-economic challenges, running costs, and the tenant-in-situ status when assessing total return and exit strategy.
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