This two-bedroom leasehold apartment in Warminster presents a compelling investment opportunity with a current rental income of £800 per month, translating to an annual yield of approximately 25.6%. The layout features a generous living area, two comfortable bedrooms, and a modern kitchen and bathroom. Additionally, residents can enjoy access to communal courtyard gardens, ideal for outdoor leisure during warmer months.
Situated in a desirable part of Warminster, this property benefits from proximity to local amenities, shops, and efficient transport connections. The mainline railway station offers direct routes to London Waterloo, while major roadways like the A303 facilitate travel towards Exeter and beyond. The surrounding area boasts attractions such as Longleat House, Shearwater Lake, and Stourhead.
Notably, this apartment requires roof repairs as outlined in the legal pack, presenting an opportunity for renovation that could enhance both property value and rental potential. With a long lease of 999 years starting from 2008 and a manageable service charge of approximately £500 per year along with around £250 in ground rent annually, the financial commitments are relatively low.
This property not only promises good rental yields but also allows for further improvements that can significantly increase its market appeal.
