About this property
For Sale – Fourth Floor, Two-Bedroom Apartment at X1 Eastbank Tower
Situated in the heart of the city, this well-presented two-bedroom apartment at the sought-after X1 Eastbank Tower presents an excellent investment opportunity. The property is being sold with a long-term tenant in situ, making it an ideal addition to any buy-to-let portfolio.
Finished to a high standard throughout, the apartment is fully furnished and comprises a spacious open-plan living and kitchen area, two well-proportioned bedrooms, and a contemporary bathroom. The modern integrated kitchen comes complete with white goods, while a separate utility cupboard houses a washer/dryer. Electric heating is installed throughout, providing comfort and efficiency all year round.
Residents at X1 Eastbank benefit from a range of on-site amenities, with an overnight security guard on-site daily from 7:00 PM to 7:00 AM, offering additional peace of mind. Ideally located within easy reach of the city centre, transport links, universities, and major employers, the development remains highly desirable for tenants.
Investment Summary
Based on the current average rental income being achieved for comparable two-bedroom apartments within the development, the estimated returns are as follows:
Estimated Annual Income
-
Rental Income: £1,350 PCM
-
Gross Annual Income: £16,200
Estimated Annual Costs
-
Service Charge: £3,847.39
-
Ground Rent: £313.83
-
Lettings & Management Fee (9% + VAT): £1,749.60
-
Total Annual Costs: £5,910.82
Estimated Net Annual Income: £10,289.18
Figures are based on a rental income of £1,350 per calendar month with no assumed void periods and are provided as a guide only. Buyers should satisfy themselves of all costs and potential returns.
Please note: The property is being sold with the current tenant in situ. Photographs and floor plans are for illustrative purposes only and may differ from the apartment being offered.
