2 bedroom flat for sale

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2 bedroom flat for sale

Chaucer Road, Bedford, MK40
£215,000

Our Summary

  • The project is expected to open by 2031, subject to planning consents
  • A property like this, already refurbished, with positive tenant cashflow, is well placed to benefit from that uplift

Description

This investment property in Bedford offers a 6.55% gross yield, with a long-term tenant in situ and allocated parking for one vehicle. The property is situated in an area poised for transformational growth, with Universal Destinations & Experiences planning to build a theme park and resort on the former Kempston Hardwick brickworks. This development is expected to generate significant economic benefits, create jobs, and drive demand for housing in the area. The property's share of freehold ownership reduces the risk of escalating ground rents and service charges, and the long-term tenancy provides income stability. With infrastructure improvements planned or underway, including expanded rail stations and improved road access, this property is well-positioned to benefit from the area's growth potential and capital appreciation.