Chaucer Road, Bedford, MK40 2 bed flat for sale

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Chaucer Road, Bedford, MK40 2 bed flat for sale

Chaucer Road, Bedford, MK40
£220,000

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 property investment opportunity in Bedford offers a strong yield of approximately 6.55% per annum, with a long-term tenant in situ and a share of freehold ownership. The property benefits from allocated parking and a top-floor aspect, adding to its appeal. The area is poised for significant growth due to the upcoming Universal Studios theme park and resort development, which is expected to bring in 8.5 million visitors in the first year and generate £50 billion in economic benefits over time. This is likely to drive up demand for housing in the area, supporting stable or rising rents, and potentially leading to capital growth. The property's refurbished state, positive tenant cashflow, and share of freehold ownership make it an attractive investment opportunity, with risk mitigation measures in place to reduce uncertainty over ground rents and service charges.