Affordable two-bedroom flat with parking and rental potential, chain free.
Two bedrooms, en-suite and separate bathroom
Open-plan lounge/diner with good natural light
Off-street parking included—convenient in urban setting
Leasehold with 106 years remaining
Service charge £1,980.47 pa; ground rent £229.25 pa
Potential rental income c. £795 pcm (approx. 7.4% yield)
Electric storage heating; electricity main fuel (higher running costs risk)
Located in a very deprived area with very high recorded crime
This second-floor, two-bedroom apartment in Dock Mill offers an affordable entry into urban living, ideal for first-time buyers or buy-to-let investors. The open-plan lounge/diner benefits from good natural light and a compact contemporary kitchen, while the master bedroom includes an en-suite and there is a further family bathroom for convenience.
Practical benefits include off-street parking and a remaining lease of 106 years. Forecast rental income and a calculated yield (approx. £795 pcm; 7.4% yield) may appeal to investors seeking immediate rental potential. Council Tax Band C keeps running costs modest compared with similar locations.
Buyers should note material negatives plainly: the block lies in an area with high deprivation and very high recorded crime levels, which may affect long-term capital growth and tenant demand. Service charges and building insurance total approximately £1,980.47 per year, with a ground rent of £229.25; these ongoing costs should be factored into affordability and yield calculations.
The apartment is heated by electric storage heaters and uses electricity as the main fuel — suitable for urban flats but potentially more expensive than gas heating. Broadband speeds are average and communal access is via an intercom. Overall this is a practical, well-located flat offering immediate occupation with scope for light cosmetic improvement to maximise rental or resale value.
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