Flat 7 Penny Place

Pure Investor are delighted to bring to the market Flat 7, New Town Apartments, a contemporary and stylish first-floor apartment nestled in the heart of Ashford, Kent. Boasting modern design elements and convenient amenities, this new build residence offers comfortable living spaces and a prime location for both urban convenience and tranquil retreat.

Upon entering this inviting apartment, you enter the main hallway taking you to an open-plan living/dining/kitchen area. The sleek kitchen is equipped with high-end appliances, ample storage space, and flows into the main living space making it perfect for both casual dining and entertaining guests. The living room seamlessly flows onto the private balcony, providing a charming outdoor space to unwind and enjoy the fresh air. With room for outdoor furniture, it offers an ideal setting for al fresco dining or simply soaking up the sunshine. The two well-proportioned bedrooms offer comfortable retreats, with the main bedroom featuring a large window that bathe the rooms in sunlight. The master bedroom benefits from an en-suite bathroom, while a second bathroom serves the additional bedroom and guests.

Residents of New Town Apartments enjoy the convenience of allocated parking, ensuring hassle-free access to their vehicles. Additionally, the property benefits from a ground rent of £220 annually and a service charge just over £1,000 annually, providing peace of mind for maintenance and communal areas.

Situated on Newton Road, this apartment is ideally located for accessing the vibrant amenities of Ashford, including shops, restaurants, and leisure facilities. Excellent transport links, including Ashford International Station, are within easy reach, offering swift connections to London and beyond.

Currently achieving £1,400 a month in rental income following a recent tenancy renewal and rental increase, this property presents an attractive investment opportunity or a comfortable home for those seeking contemporary living in a sought-after location.

Key Features:

Full Address: Flat 7, New Town Apartments, Newton Road, Ashford, Kent TN24 0WJ

Asking Price: £280,000.00

2 double bedrooms

2 bathrooms (en-suite and main bathroom)

Spacious balcony

Allocated parking

Approx. 690 sqft of living space

Ground rent of £220.00 per annum

Service charge of just over £1,000.00 per annum

Investment Information:

Current Tenancy: £1,400.00 (recently renewed at increased rate)

Annual Rental Rate: £16,800.00

Gross Yield: 6.0%