Turn-key two-bedroom investment with steady rental income and parking.
Annual rental income £11,340 (currently let on AST).|Ground-floor flat with private south-facing balcony.|Allocated off-street parking included.|Modern decoration, double glazing, gas central heating.|Leasehold with 107 years remaining; 125-year original lease.|Service charge £1,468.51pa; ground rent £250pa.|Local area: above-average crime and higher deprivation.|No chain; immediate vacant possession not guaranteed.
Set up as a straightforward buy-to-let, this ground-floor two-bedroom flat already produces an assured shorthold tenancy income of £11,340 per year. The open-plan living space with large patio doors opens onto a private south-facing balcony, bringing natural light into the living area and kitchen. Allocated off-street parking and modern fittings reduce immediate upkeep and tenant downtime.
Financially the property is practical for investors: 107 years remain on the lease, service charge £1,468.51pa and ground rent £250pa are disclosed, and the sale is offered with no onward chain. The flat benefits from double glazing, gas central heating and recently fitted modern decoration and kitchen appliances, helping retain tenant appeal.
Be clear about local context: the wider area is classified as established renting families, but local indicators show above-average crime and higher deprivation. These factors affect long-term capital growth and may influence letting demand and rental levels. The flat’s ground-floor position and communal block location should also be considered for privacy and security preferences.
Overall this is a turn-key rental investment in a modern block, suited to an investor seeking immediate income and low initial refurbishment needs. Buyers wanting strong long-term capital uplift should weigh the local area challenges alongside the dependable rental return.
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