2 bed flat for sale

Terrace Road, Walton-On-Thames, Surrey KT12

Spacious Two-Bedroom Apartment In Walton-On-Thames: Investment Opportunity

Nestled within the vibrant community of Walton-On-Thames, this two-bedroom, two-bathroom apartment on Terrace Road presents an exceptional opportunity for the discerning investor with a rental yield of 6.3%

Upon entering the apartment, you are greeted by a well-proportioned hallway that immediately conveys a sense of space and light. This central area provides access to all principal rooms, creating a logical and flowing layout that enhances daily living. The design ensures a seamless transition from one area to another, contributing to a feeling of openness throughout the home. The neutral decor provides a blank canvas, allowing future occupants to easily personalise the space to their own taste, fostering a true sense of belonging and comfort.

The heart of this home is undoubtedly the reception room, a generously sized area designed for both relaxation and entertaining. This versatile space offers ample room for comfortable seating arrangements and a dining area, making it perfect for social gatherings or quiet evenings in. Imagine unwinding here after a long day, or hosting friends for dinner; the possibilities for creating cherished memories are abundant. The layout encourages a lifestyle of ease and enjoyment, providing a perfect backdrop for everyday moments.

The kitchen is thoughtfully designed with functionality in mind. Its integration within the apartment's overall layout provides a practical and efficient space for culinary pursuits. It is positioned to serve the dining area within the reception room effortlessly, ensuring that preparing and serving meals is a convenient experience. The design aims to support a modern lifestyle, where convenience and efficiency are paramount, allowing residents to focus on enjoying their home.

This apartment boasts two well-proportioned bedrooms, each offering a private sanctuary for rest and rejuvenation. The master bedroom, featuring its own en-suite bathroom, a highly sought-after amenity that adds a touch of luxury and privacy. This private bathroom provides a dedicated space for personal care, enhancing the comfort and convenience for the occupants. The second bedroom is also a good size, offering flexibility for various uses, whether as a guest room, a home office, or a child's bedroom. Both bedrooms are designed to provide a peaceful retreat, ensuring a good night's sleep and a comfortable start to the day.

In addition to the en-suite, there is a separate family bathroom, ensuring ample facilities for residents and guests alike. This second bathroom is a significant advantage, particularly in a two-bedroom property, enhancing the overall functionality and appeal of the apartment. Both bathrooms are designed to be practical and well-appointed, contributing to the overall comfort and convenience of the home. The presence of two bathrooms significantly elevates the living experience, providing flexibility and reducing morning rush-hour congestion.

From a technical perspective, this property offers several compelling features for an investor. The EPC Rating of B is excellent, signifying a highly energy-efficient home. This not only contributes to lower running costs for the tenant but also aligns with modern environmental considerations, making the property more attractive in the long term. An energy-efficient home provides a comfortable living environment while keeping utility expenses manageable, a significant draw for potential renters.

It comes with a 125-year lease from 2007, providing a substantial remaining term that offers security and longevity for the investment. The ground rent is £200 per annum, and the service charge is £2,800 per annum. Crucially, this apartment is currently let for £1,295 per calendar month, offering an impressive rental yield of over 6%. This makes it an ideal investment purchase, as it is available with the tenant in situ, ensuring an immediate income stream from day one. The established tenancy provides a hassle-free transition for the new owner, eliminating the need to find a tenant and minimising void periods.

Beyond the immediate vicinity, Walton-On-Thames itself offers a vibrant array of amenities. The town centre boasts a diverse selection of shops, from independent boutiques to well-known high street brands, catering to all retail needs. There is also a wide choice of restaurants, cafes, and pubs, offering various culinary experiences and social opportunities. At the end of Sunbury Lane, you'll find a picturesque riverside walk.

This apartment represents a robust investment opportunity, combining a desirable location, modern living spaces, and a strong rental yield. The existing tenancy provides immediate returns, making it a truly 'turn-key' investment. The lifestyle offered by living in Walton-On-Thames, with its excellent transport links, educational facilities, and leisure options, ensures continued demand for rental properties in the area. This is more than just an apartment; it is a chance to acquire a valuable asset that promises both financial returns and long-term stability within a thriving community. The opportunity to own a property that is already generating income, in such a sought-after location, is indeed a rare find for any investor looking to expand their portfolio or make their first foray into the property market with confidence.