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1 bed property, in Copperfields, £170,000
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1 bed flat

Copperfields, Basildon SS15
£170,000

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Our Summary

  • INVESTMENT OPPORTUNITY Offered for sale with a tenant currently in occupation, (recently indicated long term commitment) this apartment generates a rental income of £950 per calendar month (£11,400 per annum), providing an immediate return from day one
  • The current rent is considered below prevailing market levels for comparable properties in the area, offering potential for future rental growth, subject to legislation and statutory rent review procedures
  • The combination of an established tenancy, sensible annual outgoings and future rental growth potential presents a compelling investment opportunity for both experienced and first-time landlords
  • 8% (after ground rent and service charge) Lease Remaining: Approximately 87 years (expiring June 2113) Ground Rent: £80 per annum Service Charge: Approximately £1,448 per annum (plus annual balancing adjustments where applicable) EPC Rating: C Council Tax Band: A WHY WE LIKE IT Investment properties offering an established tenant, attractive rental yields and potential for future rental growth are becoming increasingly difficult to find
  • Furthermore, should the rent be brought into line with prevailing market levels in the future (subject to legislation), there is potential to further enhance the property's investment return

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Description

The apartment is a one-bedroom property with modern accommodation throughout. It features a good-size living room, a separate kitchen area, and a double bedroom. The kitchen is equipped with a range of appliances and provides storage and workspace.

The bathroom is finished in a neutral style suite and includes a shower. Additional features include an entry phone system and an EPC rating of C. The property benefits from its location within the Copperfields development in Basildon, which offers convenient access to local amenities, restaurants, and transport links.