This one-bedroom first-floor apartment presents an appealing opportunity for those looking to invest or enter the property market. Located on Old Street in Clevedon, the apartment features its own front entrance and is currently tenanted, providing immediate rental income potential.
Upon entering, you are greeted by a hallway equipped with an understairs storage cupboard that accommodates a washing machine. The layout includes a separate living room and a fitted kitchen complete with a cooker and hob. The bathroom is composed of a three-piece suite, featuring a shower over the bath, while the double bedroom offers ample space for comfortable living.
The apartment's location is particularly advantageous, as it lies just a short stroll from Clevedon High Street, which boasts a diverse selection of shops, cafes, and restaurants. Additionally, Clevedon Hospital is conveniently nearby. Residents can enjoy the local promenade and play park, perfect for leisurely walks along the coast.
With some updates and renovations, this property has significant potential to enhance its appeal and value. Currently generating £850 per month from the existing tenant, it serves as an attractive option for buy-to-let investors. Furthermore, the lease commenced in 2023 with a substantial remaining duration of 997 years, complemented by a management charge of £51.58 monthly and classified under Council Tax Band A. This combination of factors positions the apartment as not only a convenient residence but also as a promising investment opportunity in an increasingly sought-after area.
