Initial price	£315,000
13/09/24	£290,000
Price Change	-7.94%

This 4th floor two-bedroom apartment is situated in the popular Chatham Place development, just a short walk from the town centre and mainline station. The apartment is well-maintained and finished to a high standard in a contemporary style. The development offers on-site concierge and secure undercroft parking, with an allocated space for this apartment. The apartment is currently let on an assured shorthold tenancy for £1800 per calendar month, representing a possible gross rental yield of 6.8%. The lease has 233 years remaining, with a service charge of £1836 every six months and a ground rent of £350 per annum. The property benefits from mains gas, water, drainage, and electricity, as well as a gas central heating system and ultrafast fibre-optic broadband connection. However, it's worth noting that the current seller is not a qualified leaseholder, which may present issues for onward protection under the building safety act.