The Sidings

PROPERTY DESCRIPTION

Set within easy walking distance of Oakham’s bustling town centre, train station and public transport links, this modern top-floor apartment offers light and airy accommodation throughout, comprising an open-plan living/dining room, a modern fitted kitchen, two generously sized bedrooms and a three-piece bathroom with fitted shower. The apartment is accessed via a communal hallway with stairs to the first floor, leading through a private entrance to the apartment itself.

YIELD SUMMARY

• Annual rental income: £9,780 (£815 pcm)
• Gross yield: 8.50%
• Annual ground rent: £167.82
• Annual service charge: £1,630.00
• Total annual outgoings: £1,797.82
• Net annual income: £7,982.18
• Net yield: 7.0%

KEY INFORMATION

• Guide Price: £115,000
• Current Rental Income: £815 pcm (£9,780 pa)
• Gross Yield: 8.50%
• Net Yield: 6.94%
• Lease Remaining: 129 years
• Ground Rent: £167.82 per annum
• Service Charge: £1,630 per annum
• EPC Rating: C
• Tenure: Leasehold
• Location: Oakham, Rutland – short walk to town centre and railway station

WHY IT WORKS AS AN INVESTMENT

• Tenant already in situ – immediate income from completion, no void period
• Strong gross yield of 8.50% against the guide price
• Long lease (129 years remaining) – no immediate lease extension costs
• Low-maintenance modern specification, EPC C
• Established rental demand in a well-connected Rutland town