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1 bedroom flat for sale
Cuthbert Road, Westgate-On-Sea, CT8
£140,000
Cuthbert Road, Westgate-On-Sea, CT8
£140,000
Our Summary
- INVESTMENT OPPORTUNITY WITH ESTABLISHED TENANT IN SITU
- The property is being sold with a well established tenant in situ meaning this could be the perfect investment opportunity with an immediate income
- 36% with scope to increase in the future
Description
Miles & Barr is offering a one-bedroom balcony flat in the heart of Westgate-on-sea, boasting sea views and a spacious layout. The property features a lounge, fitted kitchen with private balcony, master bedroom, and family bathroom, as well as an allocated car parking space. The current tenant is established in situ, making it an attractive investment opportunity with an immediate income. The property offers a net yield of 5.36%, with potential for increase in the future. The flat was constructed with brick and blocks and has no adaptations for accessibility. With a gross rent of £7,800 and a net income of £7,500, this could be a lucrative investment for the right buyer.