Warren Down, Bracknell, Berkshire

This vacant studio apartment presents an opportunity for modernisation, situated conveniently near Bracknell's town centre and within easy reach of the train station. With dedicated residents parking, it stands as a appealing investment or owner-occupier option. Given its current condition, the property could achieve rental yields estimated between £800 to £900 per month, translating to a gross yield of approximately 9.6% - 10.8%. This space is ripe for renovation, allowing buyers to tailor it to contemporary tastes and potentially enhance its value significantly. The property is set to be sold via an online auction with completion in just six weeks, making it attractive for those looking to invest swiftly. It holds a leasehold tenure with 153 years remaining on the lease, alongside manageable ground rent and service charge obligations detailed in the legal pack. The EPC rating is 'C', indicating reasonable energy efficiency that could be further improved through updates. Given these characteristics, prospective buyers should consider the potential for capital appreciation through renovation as well as the advantages of purchasing a leasehold property in this growing area.