Currently let at £1,100 pcm (approx. 7.7% gross yield)
A practical investment in Birchington’s high street, this first-floor two-bedroom flat is offered chain-free and currently let at £1,100pcm, producing about a 7.7% gross yield. The flat has been newly redecorated and features a high-end Howdens kitchen with LED lighting, a fully tiled bathroom with electric shower, an A-rated Worcester Bosch boiler and double glazing — all recent improvements that reduce immediate maintenance costs for a landlord or owner-occupier.
The layout includes a generous 19' lounge, a large main bedroom, a second bedroom and direct access to a rear garden. There is substantial loft space offering scope for further enhancement subject to planning and leaseholder consent. The property’s front door opens directly onto Station Road, placing shops, cafes, transport links and local amenities within easy walking distance — attractive for tenants and commuters.
Important practical considerations are clear: the property is leasehold with 56 years remaining. That short lease length is likely to deter many mortgage lenders and will require action (lease extension) before conventional lending is possible. Ground rent is low at £25 per year, and council tax is in a low band, but buyers must factor in potential cost and time to extend the lease.
The area is described as ageing urban communities with higher local crime levels than average; this may affect tenant demand and insurance costs. Broadband and mobile signals are strong, and local schools and seaside attractions add broader appeal. This is best suited to a cash buyer or an experienced investor prepared to manage the lease-extension process and local letting considerations.
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