Asking price: £1,325,000
Location: Kelvedon, Essex
Property type: Multi-unit freehold block
Rent: £61,200 per annum
Yield: 4.62 per cent
Our top investment opportunity in January comes in the shape of this unique freehold block built in 2008 comprising five high-specification two-bedroom apartments and a self-contained two-bedroom maisonette in Kelvedon, Essex.
The block is being offered to the market with long-standing, quality tenants in situ on ASTs with no break clauses and a monthly rental income of £5,100 when all units are tenanted (one is currently vacant).
Located in Bellingham Place and High Street, Kelvedon, the block is just 0.2 miles from the town’s rail station that offers direct services to London Liverpool Street. This ensures it will remain popular with tenants in the long term.
Kelvedon has good local shopping facilities, a post office, a health centre, an outstanding primary academy school and is close to the A12 trunk road.
The block will deliver a yield of 4.62 per cent, as well as significant potential for capital growth. As prices rise in London and Chelmsford, more people are looking further afield towards Kelvedon, which could push prices up further in the coming years.
Investors are advised to consider the benefits of buying a property with tenants in situ, with this option guaranteeing a rental income from day one.
The block is available to buy on a freehold basis, meaning investors will not be required to pay ground rents or service charges. The apartments are neutrally decorated throughout and benefit from quality appliances, luxury bathrooms and gas-fired underfloor heating. There is also a communal courtyard garden and off-street parking.
For more information on the block or to arrange a viewing contact Leaders in Kelvedon on 01376 573333.