Two-bedroom investment flat with tenant and immediate rental income.
Tenanted producing £720 pcm rental income
Lease 58 years — likely to restrict mortgage lending
Estimated £15k–£20k to extend the lease
Service charge c. £1,200 per year; ground rent £50
Communal gardens and unallocated off-street parking
Mid-20th-century build with gas central heating
Sold at auction; cash buyers preferred, Secure Sale terms apply
Area crime level recorded as high
A two-bedroom second-floor apartment in Abbey Court, Whitley, offered with a sitting tenant paying £720 pcm — a straightforward rental income for buy-to-let investors. The flat includes a living room, kitchen, bathroom and two bedrooms across approximately 569 sqft, plus communal gardens and unallocated off-street parking. The building dates from the mid-20th century and benefits from double glazing and gas central heating.
Important practical points are clear: the lease has 58 years remaining and an extension is estimated to cost £15,000–£20,000. That limited lease term is likely to restrict mortgage options, so the property is best suited to cash buyers or investors who can manage a lease extension. Annual outgoings include a service charge of about £1,200 and ground rent of £50.
The location offers good local amenities, bus links and quick motorway access; nearby schools include several rated Good or Outstanding. Crime levels are recorded as high in the area, so buyers should factor that into lettability and insurance costs. The flat will be sold at auction via Secure Sale online bidding — terms and cash-preference apply.
This is a practical, income-producing flat with clear renovation and leasework requirements. It suits investors looking for immediate rental return and the opportunity to add value through lease extension and updating, rather than a mortgage-dependent first-time buyer.
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