Ideal buy-to-let with wide views and full resident amenities.
Long lease — c.225 years remaining
A spacious 463 sq ft one-bedroom apartment in Local Crescent, offered with a long lease of approximately 225 years. The flat occupies a corner position with double-aspect windows and a balcony providing excellent views. An EWS1 form is available and the external wall system has been tested with no remedial works reported.
The development has extensive on-site facilities — residents-only pool, gym, sauna, cinema room, laundry, roof terrace and 24-hour concierge — increasing rental appeal and tenant retention. The property is currently tenanted until September 2025, providing immediate rental income for a buyer seeking steady cashflow. EPC rating B supports efficient running compared with typical city apartments.
Buyers should note practical considerations: heating is electric room heaters, broadband speeds are reported as very slow, and the service charge averages £1,934 per year with ground rent at £170. The building sits in a cosmopolitan, student-oriented area with constrained neighbourhood indicators and above-average deprivation measures; this influences tenant mix and long-term demand dynamics.
Overall, this apartment suits a landlord or investor looking for a city-centre let with strong on-site amenities and a secure long lease. It will appeal to those prioritising income immediate return and minimal initial refurbishment, but buyers wanting low utility costs or high-speed connectivity should factor in likely additional expenses or upgrades.
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