This delightful two double-bedroom first-floor apartment presents an exceptional investment opportunity, ideally situated in a vibrant area renowned for student accommodations. Currently, the apartment is tenanted by two students with a secure lease that extends until June 2025, generating a steady rental income of £9,880 annually. Following this period, projections indicate a potential rent increase to approximately £14,560 per annum, enhancing the property's long-term investment value. The apartment boasts a robust letting history, making it a reliable choice for investors. Key features include efficient gas central heating and double-glazed windows throughout, ensuring a comfortable living environment while helping to reduce energy costs. Additionally, the property comes with a designated parking space at the rear.
Upon entry to the apartment, you are greeted by a welcoming ground floor entrance hall, which provides access to a staircase leading to the first floor. Here, you will find a spacious lounge perfect for relaxation and socialising. The generous kitchen diner is well-equipped for meal preparation and gatherings, creating an ideal space for student life. The apartment also includes a stylish three-piece bathroom that caters to the needs of its tenants.
The two double bedrooms are thoughtfully designed to provide ample space and comfort. The master bedroom features the added convenience of an en suite bathroom, complete with a shower, WC, and wash hand basin—ideal for privacy and ease.
The annual ground rent and service charge totals £1,035.80. The lease for the apartment commenced in 2004 and runs for a duration of 125 years, offering a secure and stable ownership prospect.
In summary, this well-appointed apartment not only serves as a sound investment in a sought-after student letting market but also promises attractive rental yields and long-term appreciation.
Disclaimer - 1. Intending purchasers will be asked to produce identification documentation.
2. While we endeavour to make our sales particulars fair, accurate, and reliable, they are only a general guide to the property.
3. The measurements indicated are supplied for guidance only and, as such, must be considered incorrect.
4. Please note we have not tested the services or any of the equipment or appliances in this property; accordingly, we strongly advise prospective buyers to commission their survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers. Neither Holders Estate Agents nor its agents have any authority to make or give any representation or warranty concerning this property.