Income-ready flat with parking and long lease in a central, commuter-friendly location.
Tenants in situ — sold to cash buyers only
Allocated off-street parking space included
131 years remaining on the lease
Service charge c. £1,402 pa; ground rent £300 pa
EPC B; double glazing; modern construction (post-2007)
Electric underfloor heating — potential higher running costs
474 sq ft one-bedroom apartment, average-sized rooms
Close to Old Town, M4/A419 commuter routes
This one-bedroom apartment in Chain Court is presented with tenants in situ and is offered to cash buyers only, making it a clear purchase for investors seeking immediate rental income. The flat occupies an average-sized 474 sq ft footprint with a generous living space, a separate contemporary kitchen and a large bedroom. Practical features include an allocated off-street parking space, double glazing and an EPC rating of B.
The building is modern (post-2007) and benefits from electric underfloor heating and cavity insulation. Service charges and ground rent are modest for the area—approximately £1,402 pa and £300 pa respectively—and the flat has 131 years remaining on the lease, reducing long-term leasehold risk compared with shorter leases. Location is a strong selling point: within walking distance of Old Town amenities and with quick access to the M4 and A419 for commuter routes.
Material considerations are straightforward: the sale is investor-focused with tenants in place and a cash-purchase requirement, so owner-occupiers should not expect immediate vacant possession. Electric underfloor heating may mean higher running costs than gas in some seasons. Buyers should also factor ongoing service charge and ground rent commitments into yield calculations. Overall this is a low-crime, very affluent area property suited to a buyer seeking an income-producing, low-maintenance asset.
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