Ready-made rental with allocated parking, loft storage and strong gross yield.
Pre-let generating a gross yield of 8.2%
A compact two-bedroom apartment offered as a pre-let investment in a modern, well-kept block. The property sits on the second floor, includes allocated off-street parking and access to a communal garden that is not overlooked. With 550 sq ft and loft storage, the layout is straightforward: open-plan living/dining/kitchen, two bedrooms and a bathroom.
This is aimed at investors seeking immediate income: the current pre-let delivers a gross yield of 8.2%. The building is recent (constructed 2003–2006) and has double glazing; the surrounding area is low crime, relatively affluent and well connected to local shops, schools and commuter routes.
Buyers should note the material running costs: a service charge around £2,100pa and ground rent of £205pa. Heating is by electric room heaters, which can be more expensive than gas alternatives, and broadband speeds in the area are reported slow. The flat is leasehold with about 107 years remaining.
Overall this is a tidy, low-management rental with clear income potential and reasonable long-term security on the lease. The main trade-offs are the running costs and the electric heating; these are factors to budget for when assessing net yield and tenant appeal.
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