The Sidings, Oakham, Rutland
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Key features
- Immediate income — tenant already in situ, income from day one with no void period
- Strong returns — 8.50% gross yield, 6.94% net yield after ground rent and service charge
- Long lease — 129 years remaining, no immediate extension costs to factor in
- Low maintenance — modern specification throughout, EPC rated C
- Prime location — walking distance to Oakham town centre and railway station, supporting strong tenant demand
- Accessible entry price — £115,000 guide price offers a low-cost entry point into a proven rental market
Description
A superb buy-to-let opportunity in the heart of Rutland. This modern top-floor apartment is already let at £815 pcm, offering investors immediate income from day one with no void period.
Set within easy walking distance of Oakham's bustling town centre, train station and public transport links, the 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 entrance hallway with stairs to the first floor, leading through to a private entrance. A porch area opens into the entrance hall, giving access to the fitted kitchen and the bright, spacious living area, with ample room for a dining table. Both bedrooms are a generous size.
With 129 years remaining on the lease, modern specification and an EPC rating of C, this is a low-maintenance, income-producing addition to any portfolio in a well-connected and established rental location.
Key Information:
Guide Price: £115,000
Rental Income: £815 pcm (£9,780 pa)
Gross Yield: 8.50%
Net Yield: 7.0% (after ground rent and service charge)
Lease Remaining: 129 years
Ground Rent: £167.82 pa
Service Charge: £1,630 pa
EPC Rating: C
Tenure: Leasehold
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Visit our security centre to find out moreDisclaimer - Property reference 23-the-sidings. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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