No longer on the market
This property is no longer on the market
Floorplan
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Area stats1 bedroom flat
Key information
Features and description
- A budget-friendly top-floor flat offering fantastic investment potential
- One-bedroom layout with a separate living room, kitchen and bathroom
- Potential to achieve over 10% gross yield after a cosmetic refresh
- Expected rental income between £400pcm-£500pcm on an AST
- Great short-term let potential for contractors
- Low community fee of £100 per month, covering building insurance & maintenance
- Lovely views from both the living room and bedroom
- Electric-only property - no gas, keeping energy costs simple
- Shared rear communal area
- Less than a 10 minute walk to the town centre
A Top Floor Flat For A Rock Bottom Price. This one bedroom flat does need a bit of a freshen-up but it’s close to town and is sure to be popular with tenants or short term contractor guests. And after a makeover it will deliver over 10% yield.
Priced at “Offers over £30,000” this top floor flat is going to appeal to first time buyers or investors with cash in their pocket, as you’ll struggle to get a mortgage for such a low amount.
Give it a bit of cosmetic TLC and it will deliver 10% gross yield or more. That's based on a minimum £400pcm (possible to achieve up to £500) rent on an AST, which will be a very decent return - even taking into account the ground rent and £100 per month community fee (covering building insurance & maintenance).
The building may not be a thing of beauty but the views from the living room and bedroom are lovely. And don’t they say it’s better to live in an ugly building with nice views rather than a nice building with ugly views…
It has a simple layout with a living room and a similar sized double bedroom, a kitchen (that is OK but you’d probably want to update sooner or later) and a bathroom with an electric shower over the bath.
Everything is electric, not just the shower - there’s no gas in the building.
There’s a private rear garden (shared with the other flats) which will be handy for drying clothes or even sitting out with a cuppa.
It’s less than 10 minutes walk to the centre of town or a right turn onto Stainburn Road gets you out into the countryside in a couple of minutes.
The close-to-town location means it may be possible to earn a lot more by renting it out as a short term let. Perhaps not as a holiday let to tourists but it could be a good alternative for contractors or those working in town who don’t want a hotel or B&B.
Either way, if you’ve got cash to spend, this pocket money top floor flat could make a highly attractive investment.
If you’ve got the cash and can see the potential, call now to arrange a viewing.
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