Lower Furney Close, High Wycombe, Buckinghamshire
- PROPERTY TYPE
Maisonette
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Tenant in situ generating £975 PCM / £11,700 per annum
- Attractive 7.09% gross rental yield at the asking price of £165,000
- Approximate 6.40% yield after service charge and ground rent, before other costs
- Seller reports the tenant has never missed a rental payment
- Lease extension in progress to create a proposed 125-year lease
- EPC Rating C with immediate income from completion
Description
Tenanted Investment Opportunity | Approx. 7.23% Gross Yield | Proposed 125-Year Lease
Pure Investor is delighted to present this income-producing one-bedroom maisonette in High Wycombe, offered with a tenant already in situ and generating an annual rental income of £11,940. At the asking price of £165,000, the property provides an attractive gross rental yield of approximately 7.23%, making it a compelling addition to a buy-to-let portfolio.
The property is currently let at £995 PCM to an established tenant, with the seller advising that no rental payments have ever been missed. For investors seeking immediate income from completion, the property offers continuity of occupation and a ready-made rental investment.
In addition to the strong rental performance, a lease extension is currently being progressed by the seller, with the intention of extending the term to 125 years. This is expected to further enhance the property's long-term investment appeal and mortgageability.
After accounting for the stated service charge and ground rent, the property currently produces approximately £10,956 per annum before mortgage payments, management costs, maintenance and other ownership expenses, equating to a yield of approximately 6.64%.
Situated within a popular residential location in High Wycombe, the property benefits from strong rental demand and offers investors an accessible entry point into the South East property market with income from day one. The property carries an EPC Rating C.
Investment Highlights
Tenant in situ paying £995 PCM (£11,940 per annum).
Approx. 7.23% gross rental yield at the asking price.
Approx. 6.64% yield after stated service charge and ground rent.
Seller reports no missed rental payments from the current tenant.
Proposed 125-year lease extension currently in progress.
EPC Rating C.
- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Lower Furney Close, High Wycombe, Buckinghamshire
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference lower-furney. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.