Summary - Flat 2, Victoria House, Okus Road SN1 4LZ
1 bed 1 bath Flat
Ground-floor Victorian conversion with allocated parking and strong rental yield in Old Town.
Ground-floor one-bedroom in Victorian conversion with high ceilings
Set within a handsome Victorian conversion in Old Town, this ground-floor one-bedroom flat offers compact, characterful living with practical perks. A bright open-plan kitchen/living/dining room features a feature window and French doors that bring in natural light, while a well-proportioned double bedroom and modern bathroom complete the layout. An allocated off-street parking space to the front is a notable convenience in this central location.
The property is presented as a straightforward buy-to-let opportunity — current figures indicate a rental income of £884 pcm (around an 8.16% gross yield at the listed price). The building’s city-centre setting places independent shops, cafés and transport links within easy walking distance, supporting both tenant demand and long-term capital appeal.
Buyers should note the flat’s compact footprint (approximately 372 sq ft) and the building’s original solid-brick construction, which likely lacks cavity wall insulation and may increase heating costs compared with modern builds. Annual outgoings include a service charge of about £2,345 and ground rent of £125; the tenure is leasehold with 113 years remaining.
Overall, this property will suit investors seeking a turn-key rental in Old Town or a downsizer/first-time buyer prioritising location and convenience over generous internal space. The apartment’s period character, off-street parking and central location are strong positives, while the small size and service costs are practical factors to weigh.
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