Excellent Investment Opportunity – Tenant in Situ – Approx. 7.1% Gross Yield
An attractive and ready-made investment opportunity in the heart of Royal Tunbridge Wells, this well-proportioned studio apartment is currently tenanted, providing immediate rental income from day one.
Generating an annual rental income of £9,600 and offered at a guide price of £135,000, the property delivers an attractive gross yield of approximately 7.1%. The apartment has proven to be a highly desirable rental property, having previously let quickly when marketed, while the current tenancy has been in place for around 18 months, providing stability and continuity for investors.
The accommodation has been thoughtfully designed to offer the feel and functionality of a one-bedroom home, with clearly defined living, sleeping and dining areas. A spacious entrance hallway provides useful storage and leads through to the bright open-plan reception room and fitted kitchen. A recessed sleeping area creates a dedicated bedroom-style space, whilst the bathroom is fitted with a white suite and bath with shower over. The property also benefits from an allocated parking space.
Further enhancing its investment credentials are the exceptionally low running costs. The service charge and ground rent total approximately £900 per annum and are managed through a resident-controlled management company, offering greater transparency and control than many larger third-party managed developments. The property is held on a long lease with approximately 958 years remaining.
Investors can also take comfort in the fact that there are no known cladding or major remedial work concerns affecting the building. The tenancy is currently managed and maintained in compliance with all relevant rental requirements, providing a straightforward and hassle-free addition to an investment portfolio.
Situated in the centre of Royal Tunbridge Wells, the property benefits from strong tenant demand thanks to excellent transport links, including regular rail services to London, together with a wide range of shops, restaurants, cafés and leisure facilities. The historic Pantiles and the town's vibrant atmosphere continue to make the area a popular choice for renters and owner-occupiers alike.
Offered with no onward chain and available with the tenant in situ, this is an excellent opportunity to acquire a low-maintenance investment in a highly sought-after location.
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
