First-floor income-producing one-bedroom close to station and town.
- First-floor one-bedroom in retirement complex with lift access
- Currently generates £9,900 per annum in rental income
- Communal gardens and on-site communal facilities for residents
- 98 years remaining on a 125-year lease (from 1999)
- Electric room heaters; no central heating or gas
- Double glazing fitted before 2002; EPC C (approx. 80)
- Modest internal size; requires light cosmetic updating
- Located in a high-crime, very deprived area; on-street parking likely
A one-bedroom first-floor apartment in a purpose-built retirement block, offered with immediate rental income and close walking distance to the mainline station and town centre. The flat currently produces £9,900 per annum, making it attractive to buy-to-let investors seeking an income-producing asset in a town location. The building benefits from a lift to all floors, communal gardens and communal facilities tailored to retired residents.
Internally the accommodation is modest in size with conventional, slightly dated finishes: double glazing (installed before 2002), electric room heaters and functional fixtures. The EPC indicates a current C rating (around 80) with limited scope for efficiency gains; cosmetic updating would improve appeal and could increase rental or resale value. The lease has approximately 98 years remaining (original 125 years from 1999).
Practical considerations: the property is leasehold, heated by individual electric heaters rather than a communal system, and sits in an area with comparatively high crime rates and significant local deprivation — factors to weigh for both owner-occupiers and tenants. No private parking is guaranteed (likely on-street). Overall, this is a straightforward retirement-flat investment or a low-maintenance pied-à-terre that will benefit from light refurbishment to maximise returns.
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