Turnkey city-centre home with strong Airbnb income potential.
- 999-year lease; peppercorn ground rent
- Service charge approx £2,600 per year
- 743 sq ft; open-plan living with balcony and city views
- Two bathrooms: ensuite shower plus main bathroom
- New build (constructed 2023), newly finished interior
- Currently used as Airbnb; no onward sale chain
- All-electric heating (room heaters) — potentially higher running costs
- Located in an area with high deprivation; consider long-term growth
A recently completed two-bedroom apartment on the eighth floor, offered with a long 999-year lease and peppercorn ground rent. Finished to a contemporary specification, the apartment includes an open-plan living/dining area, fitted kitchen with integrated appliances, an ensuite shower room and a second bathroom. A balcony provides city-facing views and outdoor space.
Suited to investors and first-time buyers, this property is already used as an Airbnb and presents immediate rental potential in a central location close to the waterfront, cultural attractions and transport links. At 743 sq ft the layout is a practical size for short-lets or long-term tenants, with modern fixtures throughout and good broadband and mobile signal.
Buyers should note the annual service charge of around £2,600 and the apartment’s all-electric heating via room heaters; running costs may be higher than gas-heated homes. The wider neighbourhood records high levels of deprivation, which can influence long-term capital growth and tenant demand. Council Tax Band C is relatively affordable.
Overall the apartment offers turnkey occupation and clear rental appeal, but balance the convenience and modern finish against service charges, electric heating and local area factors when assessing investment returns or owner-occupation plans.