Summary -
30 The Lock Apartments,19, Fleming Way,SWINDON,SN1 2NG
SN1 2NG
1 bed 1 bath Flat
Tenanted city-centre flat with strong rental return and excellent transport links.
- Tenant in situ; advertised circa 9% net yield
- Cash buyers only at sellers request
- No onward chain, immediate completion possible
- Compact apartment: approximately 388 sq ft
- Leasehold with 143 years remaining
- High combined service charge and ground rent (£1,070.50)
- City-centre location, minutes from Swindon station
- Local area: high crime and very deprived statistics
A centrally located one-bedroom apartment offered with no onward chain and a tenant in situ, presenting an immediate income opportunity for a cash buyer. The open-plan living area, integrated kitchen appliances and contemporary bathroom make the flat ready to rent to commuters or urban professionals seeking easy access to Swindon station and central amenities.
Financially this is aimed at investors: the current tenancy offers a circa 9% net yield (seller-stated) and the property benefits from fast broadband and excellent mobile signal — attractive for lettings. The flat is compact at about 388 sq ft but efficient in layout; 143 years remain on the lease, which is a secure term for investment purposes.
Buyers should note material considerations: the seller requires cash purchasers only, and the building charges are high — ground rent and service charge total £1,070.50 (2024). The local area records higher crime rates and is classed as very deprived, which may affect tenant profiles, resale prospects and mortgage availability for some buyers.
Overall this is a pragmatic buy-to-let opportunity for a specialist investor or cash buyer seeking immediate rental return in a highly connected city-centre location. The small size and elevated running costs mean price-sensitive buyers should factor refurbishment and management costs into return calculations.
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