2 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold (42 years remaining)
- High rental yield of 8%-10% ensures substantial returns for investors.
- Large two bed Ground floor apartment - 689sqft
- 42 years remaining on the lease presents a solid opportunity for extension and long-term investment.
- Master bedroom accommodates a super king bed and includes built-in wardrobes.
- Second bedroom comfortably fits a double bed, catering to various tenant needs.
- Separate kitchen ensures a fresh living space free from cooking aromas.
- Current tenant stability with a residency of over 5 years guarantees consistent income.
The property features a remarkably spacious master bedroom with built-in wardrobes, easily accommodating a super king bed for a touch of luxury. The second bedroom, equally impressive, comfortably fits a double bed, catering to guests or serving as an adaptable space for occupants.
A distinguishing feature of this investment gem is the separation of the kitchen, ensuring a pristine living and dining area free from cooking odors. The family bathroom meets everyday needs, completing the functionality of this well-designed apartment.
Presently under tenancy for over 5 years, this property offers stability and a consistent income stream. What truly sets this opportunity apart is the leasehold tenure with 42 years remaining, providing a platform for a wise investor to extend and maximize its long-term potential.
Noteworthy for investors is the remarkable rental yield of 8%-10%, offering an impressive return on investment prior to considering potential capital growth. The enticing numbers coupled with the property's current condition and strategic location make this an alluring prospect for those aiming to expand their property investment portfolio.
This ground floor apartment in Viceroy Court not only assures comfortable living spaces and a thoughtful layout but also presents an unmissable investment opportunity. With its advantageous lease tenure and promising rental returns, this property stands as a compelling choice for investors seeking a robust and profitable addition to their portfolio.
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Property reference OLB-59831257. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by On Plan - Leighton Buzzaard.
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Broadband availability and predicted speed: obtained from Ofcom on January 5, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 5, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on June 24, 2021 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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