Summary - Apartment 1002 City View, Highclere Avenue M7 4ZU
2 bed 1 bath Flat
10th-floor two-bed investment with gated parking and long lease, over 10% gross yield.
Currently let producing £12,600 per year (cash purchase required)
A straightforward cash investment with strong on-paper returns. This 10th-floor, two-bedroom apartment is currently let and produces £12,600 pa, giving a gross yield in excess of 10% at the asking price. The flat is served by a lift, benefits from gated residents’ parking and long lease tenure (circa 977 years), making title and re-sale straightforward for a buy-to-let portfolio.
The accommodation is arranged as an open-plan living room and kitchen, two double bedrooms and a tiled bathroom. Large windows deliver elevated city views and good natural light. The building has double glazing and is well presented internally, so minimal immediate refurbishment appears necessary for continued rental use.
Buyers should note the property is heated by electric room heaters (higher running costs than gas) and sits in a large high-rise block of concrete construction where communal maintenance can be an issue over time. Service charge is approximately £2,646 per year and ground rent is £100 per year; factor these into net yield calculations. The surrounding area is classified as very deprived, which supports rental demand but can influence tenant mix and future capital growth.
This is aimed squarely at cash buyers and investors seeking an income-producing asset with low leasehold risk and immediate income. It suits those looking to add a city-centre rental with easy management (lift access, gated parking) rather than a long-term hands-on refurbishment project.
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