Summary - Apartment 52 Bridgewater House, Blackpole Road, WORCESTER WR4 9FH
1 bed 1 bath Apartment
Compact buy-to-let with immediate rental income and parking included.
- One-bedroom modern apartment built in 2016
- Tenant in situ producing £795 pcm rental income
- 115 years remaining on lease (leasehold)
- Small sized home: approximately 420 sq ft
- Allocated off-street parking and communal garden access
- Sold by Modern Method of Auction; Reservation Fee applies
- Electric room heaters (higher running costs possible)
- Area classified as deprived; consider long-term growth impact
This one-bedroom apartment in Bridgewater House is presented as a straightforward buy-to-let for investors seeking immediate rental income. Built in 2016, the flat is modern and compact with an open-plan living/kitchen, double bedroom and shower room. It currently produces £795 pcm with a tenant in situ, so purchase will transfer existing rental income.
Practical positives include an allocated off-street parking space, access to the communal garden, fast broadband and excellent mobile signal. The 115-year lease remaining is healthy for a modern apartment and the property sits in a maintained contemporary block with generous glazing and natural light. EPC rating D and the recent build date reduce short-term major capital works risk.
Notable cautions: the sale is by the Modern Method of Auction and will require completion within 56 days of contract draft; buyers must sign a Reservation Agreement and pay a non-refundable Reservation Fee in addition to the purchase price. The property is leasehold, sold with tenant in situ, and heating is electric room heaters which can mean higher running costs compared with gas central heating. The wider area is classified as deprived/industrious hardship which may affect capital-growth prospects and tenant mix.
This suit is aimed at investors wanting a low-management entry into Worcester’s lettings market with immediate yield, who accept auction timing and additional fees. Due diligence is recommended on the undisclosed reserve/starting bid, tenancy terms and running costs before bidding.
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