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1 bed flat
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Our Summary
- Cash Buyers or Bridging Finance (Under 300 sq ft)
- 8% gross yieldcash or briding finance-flat under 200 square feetThis well-presented one bedroom flat offers an excellent investment opportunity for buy-to-let investors, as it is being sold with a tenant in situ
- The property falls within Council Tax Band A and has an Energy Performance Certificate rating of E, with the potential to be improved to a C rating
- Due to the size of the flat (under 200 square feet), the property is suitable for cash buyers or those using bridging finance
- With its strong rental yield, established tenancy, and excellent location, this one bedroom flat represents a compelling investment opportunity in a sought-after area
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Description
The property is a one-bedroom flat with a living space, a fitted kitchen, a well-proportioned bedroom, and a modern bathroom. It has a total area of under 200 square feet and is leasehold with 90 years remaining on the lease. The property benefits from a manageable ground rent of £200 per year and a service charge of £1,450 per year.
It is located within easy walking distance of the beach and local amenities, and falls within Council Tax Band A. The flat is rated E on the Energy Performance Certificate scale, with the potential to be improved to a C rating.