One-bedroom apartment with tenant in situ

This purpose-built, one-bedroom apartment presents a ready-made investment opportunity, offered for sale by auction with a tenant in situ and producing a strong gross yield of 14.8%. Well suited to investors seeking immediate income from completion, the property also holds broad appeal as a low-maintenance home for future owner-occupiers, subject to tenancy arrangements, thanks to its practical layout and allocated residents’ parking. The surrounding area is popular with renters and owner-occupiers due to its access to everyday amenities and convenient transport connections. A range of local shops, supermarkets, and leisure facilities are within easy reach, supporting strong ongoing demand for properties of this type. Regular public transport services and nearby road links provide straightforward access to larger town and city centres, making the location practical for commuters and helping to underpin long-term rental appeal. The property is held on a leasehold tenure with 142 years remaining, running from 1 January 2019 to 31 December 2168. It is currently let at £1,050 per calendar month. The Council Tax band is B (Basingstoke and Deane) and the EPC rating is C.