INVESTMENT ONLY : Outstanding high yielding investment flat in the desirable College Area overlooking Alexandra Park.
A outstanding opportunity to acquire a high yielding investment flat, that was extensively refurbished in October 2022, to a high and exacting standard.
This investment flat offers instant income with the existing AST expiring October 2025 that reflects a high initial gross yield of 5.6%
Situated in the desirable College area of Epsom, the flat has been fully refurbished and includes a new bespoke kitchen with full range of integral appliances, quartz worktop and Karndean flooring, new bathroom suite with Karndean flooring, new boiler & radiators throughout, new high quality solid oak internal doors, new electrical fittings throughout, new carpets to hallway, bedroom and living area.
Without question this is the best flat in this well maintained block. Its enviable 1sr floor corner position has views of the private communal garden to the rear and Alexandra Park beyond. The current tenants have enjoyed occupation since October 2022 and extending through to October 2025.
The living and dining area is unusually spacious which benefits from its corner triple aspect position allowing an incredible amount of light and complete with access to its own private balcony.
This investment opportunity is high yielding with low/ no landlord maintenance costs due to the recent full refurbishment completed prior to current occupation. The block has been well managed and maintained which includes recent external redecorating including all garage doors. The internal communal areas are cleaned weekly and the gardens maintained monthly. The service charge is consistently low at just £1550 per annum, paid half yearly and benefits from a very healthy sinking fund.
Fully refurbished to a high spec in October 2022
Current tenant AST expiring October 2025
Excellent rental income reflecting a gross initial yield of 5.6% at the asking price.
There are no on-going agent or flat maintenance management costs.
Property Features
- Fully Renovated
- One Double Bedroom
- Unusually Large Living/ Dining Room
- Private Balcony
- Garage
- 1st Floor Corner Position
- Long Lease
- Alexandra Park To The Rear
- Walking Distance to Epsom Town Centre
- Private Communal Gardens
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