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Studio flat for sale
Quaker Drive, Cranbrook, Kent, TN17
£122,500
Quaker Drive, Cranbrook, Kent, TN17
£122,500
Price History
Initial price | £130,000 |
07/08/25 | £122,500 |
Price Change | -5.77% |
Description
This is a tenanted investment property, currently generating £800 per month, which translates to a gross yield of 7.4%. The lease has 123 years remaining, and the tenant is in good standing with no arrears or anticipated vacancy. The property is well-maintained and rated in good condition, with no known issues or repairs needed. The ground rent is £0 per annum, and the service charge is £1,100 per year. The property is a 1-bedroom ground floor flat with a shared community garden and on-street parking. It is an ideal investment opportunity for first-time investors, portfolio landlords, or hands-off buyers seeking a ready-to-go, income-generating asset with a long lease and low overheads.