Turnkey rental with strong gross yield in a long-lease building.
One-bedroom first-floor flat, circa 485 sq ft
A compact, modern one-bedroom first-floor flat offered with a sitting tenant paying £600pcm, making this a ready-made rental investment. The building was constructed after 2007 and benefits from double glazing, mains gas heating and an EPC rating of B.
At the current price of £80,000 and rental income of £7,200pa, the property delivers a gross yield of approximately 9% before costs. The long lease (189 years remaining) reduces long-term lease concerns, and communal parking and well-presented communal areas add practical appeal for tenants.
Buyers should note the service charge of £1,692.22pa and a ground rent of £200pa will affect net returns. The flat is average in size (around 485 sq ft) with compact living spaces; prospective purchasers should factor potential voids, management fees, and local market conditions into income projections.
This property suits investors seeking an immediate income stream from a low-maintenance, modern flat. However, the local area shows high crime and significant deprivation, which can affect rental demand, rental value growth and tenant turnover.
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