yieldit are delighted to present a compelling investment opportunity offering a strong yield, long-term security and minimal ongoing management. Situated on the first floor, this one-bedroom apartment has been refurbished to an excellent standard throughout and is income-producing from day one.

The accommodation comprises a well-proportioned reception room, a contemporary high-end fitted kitchen, a double bedroom and a stylish bathroom. Traditional sash windows add character and flood the property with natural light.

A standout feature for investors is the inclusion of solar panels, sold with the property and benefitting from a long-term, secure rental contract, providing an additional income stream. Further efficiency and cost-saving benefits are delivered by the air source heat pump, enhancing the property’s long-term sustainability and tenant desirability.

The flat also benefits from an allocated parking space and access to attractive, well-maintained communal gardens. Ownership is particularly favourable, with a lease in excess of 900 years, a share of the freehold and no ground rent, significantly reducing long-term risk and ongoing holding costs.

Ideally located within easy walking distance of local shops, amenities and Paignton’s popular beaches, the property is well positioned for both long-term rental demand and the area’s strong holiday market. Paignton Local Council has confirmed major regeneration works planned close to the property, which are expected to further enhance the area’s appeal, increase demand and support future capital growth.

This is a rare opportunity to acquire a high-quality, energy-efficient investment property offering immediate income, long-term security and excellent growth prospects in a popular coastal location. Early enquiry is strongly recommended to avoid disappointment.

Please note, lettings and management charges may apply.

Financial Breakdown

Gross Rent: £10,800.00
Net income: £10,200.00
Gross yield: 9%
Net yield: 8.5%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-08392