Summary - Rowan Court, Old Town SN1 4GQ
2 bed 2 bath Apartment
Compact two-double apartment with parking and en-suite — tenanted investment or first purchase.
Let on AST to professional tenant (£850 pcm)
Approx 7.3% gross rental yield at asking price
447 sq ft — compact two-double layout
Master bedroom with en-suite, plus family bathroom
Secure off-street parking included
Leasehold: 106 years remaining
Service charge ~£2,015 pa; ground rent £250 pa
No flood risk; low crime area
This compact two-double-bedroom apartment in Rowan Court is offered as a straightforward investment or first-home purchase. Set on the edge of Old Town, the flat is currently let on an AST to a professional tenant paying £850 pcm, providing immediate income and a gross yield of about 7.3% at the asking price of £140,000.
The apartment is modern and well-presented with an open-plan kitchen, L-shaped layout, Juliet balcony and a master en-suite. At 447 sq ft the space is economical rather than expansive, suited to buyers wanting low-maintenance city living or investors targeting a city-centre tenant demographic. Secure off-street parking is a notable convenience in this area.
Practical facts to note: the property is leasehold with 106 years remaining, an annual service charge around £2,015 and ground rent of £250 per year. Broadband and mobile signals are average locally, there is no flood risk and crime levels are low. The apartment sells with the current tenancy in place, so completion will preserve rental income rather than provide immediate vacant possession.
For an investor this is a turn-key, professionally-tenanted opportunity in a very affluent part of town, close to local amenities and several primary and secondary schools. For a first-time buyer it offers modern fixtures and secure parking, but limited internal space and ongoing leasehold costs should be weighed in affordability calculations.
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