Spenser Road, Bedford, Bedfordshire

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: Leaders - Bedford Phone: 01234 671526

Positioned within a well-established residential area of Bedford, this one-bedroom apartment presents a compelling opportunity for investors seeking a high-yield addition to their portfolio. Currently let at £750 per calendar month, the property offers an attractive gross yield of approximately 15%, making it an appealing prospect for those focused on income generation and long-term growth.<br/><br/>The accommodation comprises a good sized one-bedroom layout, offering functional living space with clear scope for improvement. The property would benefit from a programme of refurbishment, allowing a purchaser to enhance both rental value and overall capital performance.<br/><br/>Spenser Road is conveniently located close to Bedford town centre, providing access to a wide range of shops, cafes, and amenities, along with excellent transport links including Bedford mainline station offering direct services into London. The area remains consistently popular with tenants due to its accessibility and local infrastructure, supporting ongoing rental demand.<br/><br/>The property is offered with a remaining lease term of approximately 53 years and is therefore suited to cash buyers only.<br/><br/>The current service charge is £1,670 per annum for the year ending 31 March 2027, payable monthly and inclusive of buildings insurance. We understand there are currently no planned Section 20 works or outstanding service charge consultations, with external decorations completed in 2025 and internal decorations completed in 2022.<br/>