Arden & Way
Tel: 023 9246 0899
120 Elm Grove
Hayling Island
PO11 9EH
Rapley Court, Stamford Avenue, Hayling Island
£175,000
2 Bedroom Flat
Arden & Way are delighted to offer this two-bedroom ground floor flat to the market, presented with no onward chain and benefitting from its own private entrance. Ideally located in the highly desirable West Town area, the property is positioned within approximately 100 yards of West Town Park and just a short stroll from the seafront.
The flat offers bright, well-proportioned accommodation throughout, featuring double glazing and gas central heating. Internally, the property comprises an entrance hallway, two double bedrooms, a spacious lounge, a fitted galley style kitchen, and a family bathroom. Rapley Court is prominently situated on the corner of Stamford Avenue and the seafront road and enjoys communal gardens, including a dedicated clothes drying area.
The property is currently tenanted, providing an immediate income stream for investors. With approximately 117 years remaining on the lease, a low service charge, and we are advised that the ground rent and service charge are approximately £300 per quarter, this represents a compelling investment opportunity. The property currently achieves a gross rental yield of 6.86% and a net rental yield of 6.17%, highlighting its strong income potential.
For more information or to arrange a viewing please contact Arden & Way
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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