Excellent Investment Opportunity – Tenant in Situ – Potential Gross Yield of 8.16%
An attractive investment opportunity in the heart of Royal Tunbridge Wells, this well-presented studio apartment offers an excellent combination of rental potential, low running costs and a highly convenient town-centre location.
Currently tenanted and generating an annual rental income of £9,600, the property offers a potential gross rental yield of approximately 8.16% based on an advertised rental figure of £850 pcm and the £125,000 asking price. The apartment has also proved popular within the rental market, having previously let quickly, while the current tenancy has been in place for approximately 18 months.
Internally, the apartment offers well-planned accommodation with the layout providing the feel and functionality of a one-bedroom home. A spacious entrance hallway provides useful storage and leads into the bright open-plan living and kitchen area, with defined spaces for both sitting and dining. A recessed sleeping area provides a dedicated bedroom-style space, while the bathroom is fitted with a white suite, bath and shower over.
The property further benefits from an allocated parking space, a particularly useful feature for a town-centre apartment and one which adds to its appeal for both tenants and potential owner-occupiers.
The apartment also benefits from exceptionally low annual running costs, with the service charge and ground rent totalling approximately £900 per annum. The development is managed through a resident-controlled management company, offering a more direct approach to the management of the building. The property is held on a long lease with approximately 958 years remaining.
From an investment perspective, the property offers a particularly appealing combination of rental income and relatively low ongoing costs. There are also no known cladding or major remedial works concerns affecting the building, providing additional reassurance for prospective purchasers.
The central Royal Tunbridge Wells location is another key attraction. The town provides an excellent range of shops, restaurants, cafés and leisure facilities, while the mainline station offers regular services towards London. The popular Pantiles and surrounding historic areas are also within easy reach, helping to maintain strong demand from tenants looking for convenient town-centre accommodation.
Whether purchased as a buy-to-let investment or as a future home, this is a well-located and versatile property offering an attractive opportunity at £125,000.
Offered with no onward chain and currently tenanted, early viewing is recommended.
Important Notice: We have prepared these property particulars as a general guide to a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain exclusive to Leaders. ‘’These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However, any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.’’ Successful buyers will be required to complete online identity checks provided by Lifetime Legal. The cost of these checks is £80 plus VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection.
Council Tax Band A
