1 bedroom flat for sale

An excellent investment opportunity, this stylish one-bedroom apartment is offered for sale with long-term tenants currently in situ, providing immediate rental income from day one. Currently achieving £800 pcm, the property represents a ready-made addition to any portfolio, producing a gross yield of approximately 8.72% at the asking price of £110,000.

The apartment features a bright open-plan living space with a modern fitted kitchen, creating a practical and contemporary environment suited to modern living. Designed with low-maintenance ownership in mind, the property offers a straightforward and appealing investment proposition.

Residents benefit from security intercom access and a gated entrance, ensuring a secure environment, while the communal grounds provide a pleasant outdoor setting. Conveniently positioned with excellent access to local amenities and transport links, the location continues to attract consistent tenant demand.

Falling within Council Tax Band B, this is a strong opportunity for investors seeking a well-located property with an established tenancy and the potential for long-term stability.

Tenure - Leasehold; EPC rating - C

REDBRIK SECUREMOVE™ - IMPORTANT PLEASE READ:

Redbrik is marketing this property with the benefit of Redbrik SecureMove™. Redbrik has introduced SecureMove™ to help speed up the sales process, minimise sale fall-throughs and give more certainty to both the Seller and the Buyer. Purchasers will benefit from the Buyer Information Pack (BIP), which we have created with our legal partners, to give buyers more information before they agree to purchase.

The pack includes:

TA6 (Property Information Form)

TA10 (Fittings and Contents)

Official Copy of the Register

Title Plan

Local Search*

Water and Drainage Search*

Coal and Mining Search*

Environmental Search*

(Redbrik has ordered the local, drainage, coal and environmental searches; we will add these to the BIP as they become available)

Redbrik SecureMove™ allows the sale process to be completed significantly quicker than a ‘normal sale’. This is because the legal work, usually done in the first four to eight weeks after the sale is agreed, has already been completed. The searches, which can take up to five weeks, are ordered on the day the listing goes live and are transferable to the successful Buyer as part of their legal due diligence.

Additionally, and on behalf of the Seller, Redbrik requires the successful Buyer to enter into a Reservation Agreement and pay the Reservation Agreement Fee of £595 (including VAT). This includes payment for the Buyer Information Pack and all the searches (which a buyer typically purchases separately after the sale is agreed).

Upon receipt of the signed Reservation Agreement, payment of the Reservation Agreement Fee, completion of ID and AML checks and the issuing of the Memorandum of Sale, the Seller will agree to take the Property off the market and market it as Sold Subject To Contract (SSTC).

During the Reservation Agreement period, the Seller will reject all offers and not enter into another agreement with any other buyer. The reservation period is agreed upon at the time of sale but is usually between 60 and 120 days.

The Reservation Fee is non-refundable except where the Seller withdraws from the sale. A copy of the Reservation Agreement is available on request, and Redbrik advises potential buyers to seek legal advice before entering into the Reservation Agreement.