2 bed flat for sale

Elvaston Court, Grantham NG31

Tenure: Leasehold

Buy to let investors only-sold with tenants in situ

Current rent £660 pcm = gross yield 9.3% pa
leasehold 129 Years Remaining
service charge & ground rent £1800 pa

This well-presented two-bedroom flat offers an excellent opportunity for buy-to-let investors, as it is being sold with tenants in situ (since 2024). The property is currently achieving a rental income of £660 per calendar month, providing a gross yield of 9.3 percent per annum. Situated on the second floor and measuring approximately 548 square feet, this apartment features a practical layout with a spacious lounge, a modern fitted kitchen, two comfortable bedrooms, and a family bathroom. The flat benefits from a leasehold tenure with approximately 129 years remaining, and the combined ground rent and service charge amounts to £1,800 per annum. Energy efficiency is assured with an EPC rating of C (potential C), and the property falls within Council Tax Band A, making it an attractive and affordable option for tenants. Located in the popular area of Earlesfield, the flat is within walking distance to a range of local amenities, shops, and public transport links. Grantham and District Hospital is conveniently less than two miles away, further enhancing the appeal for potential renters.

Externally, the property benefits from an allocated parking space for one vehicle, providing valuable convenience for residents. The apartment building is set within a well-maintained development that offers secure entry and communal areas. The surrounding neighbourhood features a blend of residential and green spaces, creating a pleasant environment for occupants. Local parks and recreational areas are easily accessible, offering opportunities for outdoor activities and relaxation. With its proximity to essential amenities and transport connections, this property combines comfortable living with practical benefits, making it a sound investment choice. Investors seeking a property with a reliable rental history and strong yield potential will find this flat an appealing addition to their portfolio.

A Buyer’s Reservation Fee, which forms part of the purchase price, will apply. Please contact branch for more information.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2: These particulars do not constitute part or all of an offer or contract.

3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.

4: Potential buyers are advised to recheck the measurements before committing to any expense.

5: Mp has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.

6: Mp has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

EPC Rating: C

Location

28 Elvaston Court, Earlesfield, Grantham - NG31 7FL

Parking - Allocated Parking