1 bedroom flat for sale

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1 bedroom flat for sale

Cuthbert Road, Westgate-On-Sea, CT8
£130,000

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
  • Investment Opportunity

Description

Miles & Barr presents an investment opportunity in Westgate-on-sea, a one-bedroom balcony flat with 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, providing an immediate income with a net yield of 5.36%. The property is 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 an attractive investment opportunity for those looking to generate a steady income with scope to increase in the future.
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