Refurbished two-bed let currently achieving £750pcm — long lease, partial sea views..
Recently refurbished two-bedroom upper-ground apartment
A recently refurbished two-bedroom upper-ground apartment close to Felixstowe seafront, presented for investment buyers only. The property has been updated in recent years, with a refitted bathroom, new boiler (2021), UPVC double glazing and gas central heating, and is currently let on an AST achieving £750pcm.
The open-plan living/kitchen benefits from a front bay with partial sea views, period character such as high ceilings and a feature fireplace, and grey wood-effect flooring. Accommodation includes two bedrooms, a utility cupboard and sensible storage; total size is small (approximately 528 sq ft). The flat comes with a one-third share of a rear hard-standing area, although the space is not suitable for parking.
Practical strengths for investors include a long lease (approx. 151 years), low flood risk and a below-average service charge (buildings insurance split approx. £350). Material drawbacks to note: the property sits in an area with higher crime and general deprivation, the building is of solid brick construction likely without wall insulation, and the communal maintenance is handled on an as-required basis. Purchasers should verify lease and maintenance arrangements through their solicitor.
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