Property Details: • Type: Apartment • Tenure: LEASEHOLD • Floor Area: N/A
Key Features: • Attractive 6.7% gross rental yield • Tenant currently in situ • Immediate rental income from completion • Currently achieving £895 per calendar month • Estimated market rent of approximately £925pcm • Potential for increased rental returns • Well-presented studio apartment • Practical open-plan living and sleeping space • Fitted kitchen and separate bathroom • Ideal buy-to-let or portfolio investment
Location: • Nearest Station: Shenfield Station • Distance to Station: 0.925122933709273 miles
Agent Information: • Address: 226 Hutton Road Shenfield Brentwood Essex CM15 8PA
Full Description: An excellent opportunity for investors to acquire this well-presented studio apartment at Abenberg Way, offered with a tenant currently in situ and providing an attractive gross rental yield of approximately 6.7%.<br /><br />The property is currently achieving a rental income of £895 per calendar month, providing an immediate income stream from completion. With an estimated market rent in the region of £925 per calendar month, there is also potential for increased rental returns in the future.<br /><br />Internally, the apartment offers practical and easy-to-maintain accommodation, with an open-plan living and sleeping area providing a versatile use of space. The property also benefits from fitted kitchen facilities and a separate bathroom, creating a comfortable and functional home for the existing tenant.<br /><br />For investors seeking a straightforward buy-to-let opportunity, the combination of a tenant already in occupation, established rental income and a 6.9% gross yield makes this an appealing prospect. The manageable accommodation also lends itself particularly well to the rental market, offering the potential for relatively low-maintenance ownership.<br /><br />With rental income being generated from day one and scope to increase the monthly rent towards the estimated market level, this property represents an attractive opportunity for both established landlords looking to expand their portfolio and buyers considering their next buy-to-let investment. (Ref: SHS260189)<br /><br />