2 bedroom flat for sale

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2 bedroom 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 property is a rare investment opportunity for a first-time landlord or seasoned investor, featuring a tenant already in place and a share of freehold. Located in central Aldershot, it offers easy access to shops, amenities, and travel connections. The property itself is in fair condition, with a long-standing tenant paying £815 per month, generating a 5.7% yield. However, with some modernization, including a new kitchen, bathroom, and redecorating, the property could achieve a top-flight rent of £1,200 per month, increasing the gross yield to 8.4%. The property is available either with the current tenant in situ or with vacant possession, making it an attractive option for investors looking to capitalize on the local rental market.