- First Floor Flat
- Two Bedrooms
- Viewing Highly Recommended
- Close to Local Amenities
- Off Street Parking
- Good Size Lounge
- Great Rental Yield
Reed Residential is delighted to present this fantastic buy-to-let investment opportunity, offered to the market with tenants already in situ, providing an immediate rental income for the new owner.
Currently generating £1,100 per calendar month (£13,200 per annum), the property offers an attractive gross rental yield of approximately 7.33% based on the asking price of £180,000.
This is an excellent opportunity for investors looking to expand their existing property portfolio or enter the buy-to-let market with an established tenancy already in place.
Key Investment Highlights
Asking Price: £180,000
Current Rental Income: £1,100 PCM
Annual Rental Income: £13,200
Gross Rental Yield: Approximately 7.33%
Tenure: Tenants in Situ
Investment Opportunity: Immediate rental income from completion, subject to the existing tenancy
Location & Investment Potential
The property represents an attractive opportunity for landlords seeking an income-generating investment without the immediate need to source new tenants.
With an existing tenancy in place and a competitive asking price, this property is ideally suited to investors looking for a straightforward addition to their portfolio.
Entrance
This is approached from the side of the property with its own door that leads into the entrance hall and stairs leading to
Landing
Textured ceiling with coving, loft access, dado rail, small cupboard, doors to
Lounge - 11'11" (3.63m) x 10'11" (3.33m)
Double glazed bay window to front, textured ceiling with coving, dado and picture rail, feature window to side, radiator.
Kitchen - 11'1" (3.38m) x 7'4" (2.24m)
Double glazed window to side and rear aspect, smooth plastered ceiling, coving, part tiled walls, base and wall mounted units to three aspects, rolled edge work tops with sink unit inset, space and plumbing for appliances, built in cupboard, part tiled walls.
Shower Room / WC
Obscure double glazed window to side, pedestal hand wash basin, enclosed shower cubicle, low level flush w/c, part tiled walls.
Bedroom One - 11'2" (3.4m) x 10'8" (3.25m)
Double glazed window to rear, textured ceiling, radiator, fitted cupboards with sliding mirror fronted wardrobes.
Bedroom Two - 11'1" (3.38m) x 6'6" (1.98m)
Double glazed window to front, textured ceiling with coving, radiator.
Council Tax
Southend-On-Sea Borough Council, Band A
Lease Length
155 Years
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
