Low-cost studio with tenant in situ and long lease — ideal for buy-to-let.
Sold to landlords only — tenant in situ on periodic tenancy
A compact ground-floor studio in a popular Droitwich suburb, offered with no onward chain and sold to landlords only with a tenant in situ. The flat is a practical buy-to-let: current rent £462 pcm (periodic tenancy) producing an approximate gross yield of 6.9%. Communal parking, double glazing and low annual service charge make ongoing costs modest.
The apartment is small (circa 23.3 sq.m / 251 sq.ft) with a single main room, separate compact kitchen, dressing area and shower room. The lease is being extended to around 210 years originally, leaving approximately 166 years on completion. Annual service charge is £39 and building insurance is £302.19 pa.
Notable negatives are straightforward: electric room heaters (no central heating), a small single-aspect layout with limited living space and modest natural light, and the property is sold with a sitting tenant so vacant possession is not available. The building and grounds are generally lived-in and would benefit from routine external maintenance.
For investors this represents a low-management, low-cost entry into the Droitwich market with long lease length and very low service charges. First-time buyers should note the landlord-only sale condition and the tenancy; owner-occupation is not possible until the tenancy ends and sale restrictions are removed.
Studio flat for sale in Henley Drive, Droitwich, Worcestershire, WR9 — £80,000 • 1 bed • 1 bath
Studio flat for sale in Henley Drive, Droitwich, Worcestershire, WR9 — £80,000 • 1 bed • 1 bath
Studio flat for sale in Henley Drive, Droitwich, Worcestershire, WR9 — £80,000 • 1 bed • 1 bath
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