This modern, purpose-built two-bedroom apartment offers a compelling turn-key investment opportunity with strong rental yield potential and minimal maintenance requirements. Currently generating £435 per month on an Assured Shorthold Tenancy (AST), the tenant has expressed interest in renewing at an anticipated rate of £600 per month, representing a significant 38% increase in rental income and enhancing the property's overall returns. Featuring a contemporary open-plan layout, the apartment is highly desirable to tenants and benefits from low-maintenance upkeep due to its modern construction. The property comes with a 250-year lease from January 2006, providing security and longevity for long-term portfolio strategies. Additionally, its convenient proximity to essential amenities ensures strong tenant demand and reduces potential vacancy periods. With its combination of immediate cash flow and long-term growth potential, this apartment is an attractive addition to any investor's portfolio.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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