Newly renovated 2-bed flat with parking and strong rental yield potential — auction sale, lease needs attention.
Two bedrooms, open-plan kitchen–lounge, 619 sq ft
Newly renovated — ready for immediate let or occupation
Allocated off-street parking bay
Fast broadband; good transport links to London and Kent
Leasehold with only 81 years remaining — extension needed urgently
Annual service charge £2,270
Sale via secure online auction — terms apply
Area classified as deprived; local crime levels high
A recently renovated two-bedroom first-floor apartment in Great Easthall, offered for sale by secure online bidding. The property is presented in good condition throughout with a bright open-plan kitchen–lounge, double glazing, and allocated off-street parking. At about 619 sq ft, it offers compact, low-maintenance living suitable for letting straight away.
This flat is positioned for investors: an advertised potential yield of approximately 9.1% and fast broadband support rental demand. The development benefits from lakeside walks, nearby supermarkets, gyms and retail parks, and easy road and rail links to central Kent and London, which help attract tenants.
Key financial and legal points are material. The property is leasehold with 81 years remaining; this is low for long-term mortgageability and will require an early lease extension (costs and terms not included). The annual service charge is £2,270, and the sale is via an online auction platform with terms and conditions — buyers should allow time for due diligence and factor auction purchase processes into any offer.
Location strengths come with trade-offs. The area is classed as deprived and local crime levels are high, which can affect tenant mix and insurance/costs. Council Tax Band B is relatively inexpensive, and the property is newly renovated, reducing short-term maintenance needs, but prospective buyers should budget for lease extension and ongoing service charges.
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