Long lease, steady income — prime town-centre position by the park.
Tenanted top-floor apartment with immediate rental income (£1,200pcm).|979-year lease remaining, negligible lease risk.|Annual service charge approx £2,309.64; ground rent £250.|Two double bedrooms with good under-eaves storage.|Period features and high ceilings in principal rooms.|Top-floor kitchen has sloped, low ceiling and compact layout.|Parking by council permit; no allocated parking included.|Local crime level recorded as very high — factor in management costs.
This top-floor, two-bedroom apartment in a Georgian town house sits in Leamington Spa town centre opposite a large park, offered chain-free with tenants in situ. The property currently achieves £1,200pcm, giving a rental yield above 5% and presenting an immediate income for investors.
The flat has two double bedrooms, a spacious living/dining room and a fully integrated kitchen. High ceilings and period character are evident in the principal rooms, while the top-floor layout provides good under-eaves storage. The apartment is described as nicely presented and benefits from a long lease of approximately 979 years.
Practical costs and conditions are straightforward: an annual service charge of about £2,309.64 and a small ground rent of £250. Parking is by council permits; the train station and major road links are within easy reach. Broadband and mobile signals are reported as strong.
Notable drawbacks are factual and important for investors: the property is tenanted, so vacant possession would require notice; the local area crime level is recorded as very high; and the kitchen is in an attic/top-floor space with a sloped, lower ceiling which may limit headroom. Buyers should inspect for any unseen maintenance issues and verify tenant arrangements before purchase.
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