Turnkey rental income in Orpington with long lease and strong gross yield.
Tenant in situ for one year, wishes to remain; consistent rent payments
Annual gross income £12,600 — approx. 8.1% gross yield at £155,000
Leasehold with 106 years remaining
Private front and rear gardens; on-street parking only
Mid-rise brick apartment in a 1960s–1980s style block
Local area: very deprived with above-average crime rates
Average-sized one-bed flat; likely requires cosmetic refurbishment
Buyer’s Premium applies; consult Let Property Pack for tenancy terms
This one-bedroom flat in Hollingbourne Tower, Westwell Close, is being offered with a tenant in situ and a proven income stream, making it immediately income-producing for a buyer seeking rental returns. The property sits in a mid-rise brick residential block and includes private front and rear garden areas and on-street parking. The remaining lease of 106 years gives long-term security for a leasehold purchase.
Current annual gross rental income is £12,600, which equates to a gross yield of about 8.1% at the listed price of £155,000 — a clear draw for buy-to-let investors or portfolio expanders. The tenant has been in place for a year, pays on time and wishes to remain, offering stable short-term cashflow but limiting options if immediate vacant possession is required.
Buyers should note material negatives plainly: the property is in a very deprived neighbourhood with above-average local crime rates, and parking is on-street rather than allocated private bays. The building appears to be a 1960s–1980s high-rise block and individual flats are described as average sized; some cosmetic or functional refurbishment may be needed depending on buyer strategy. A buyer’s premium will be applied as part of the sale process — check the Let Property Pack for full terms and tenancy documentation.
Overall, this flat is best suited to investors or developers seeking an income-producing asset with solid lease length and strong headline yield. For those prioritising low-crime, suburban family living or immediate vacant possession, the location and tenant situation may be limiting factors.
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