Queens Road, Aldershot 2 bed flat for sale

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Queens Road, Aldershot 2 bed flat for sale

Queens Road, Aldershot
£160,000

Our Summary

  • The property would benefit from modernisation to achieve top flight rent of circa £1,200pcm - works would include a new kitchen, bathroom, replacing the floors and redecorating throughout

Description

This investment property in central Aldershot is available for purchase with a tenant in situ, offering a rare opportunity for a first-time landlord or seasoned investor. The property features an entrance hall, living room, kitchen, bathroom, and two bedrooms, with a shared garden and on-road parking. While it would benefit from modernization to achieve top-flight rent, it is currently in fair condition with a long-standing tenant paying £815 per month, yielding 5.7%. With a recently extended lease to 999 years and a share of freehold, this property offers a healthy 8.4% gross yield subject to improvement works. The property is available with vacant possession and has a C EPC rating, with no lift access as it is on the first floor.