Affordable auction buy with clear investment potential and lease-length caution..
- 1 bedroom split-level maisonette, 418 sq ft
- Offered at auction; quick sale process
- Leasehold with 55 years remaining — limited mortgage options
- Guide price £70,000 — potential investor interest
- Service charge £788/year; ground rent £90/year
- Electric room heaters; consider heating upgrade costs
- Double glazing fitted post-2002; fast broadband and mobile
- Low flood risk; built 1976–82 (typical maintenance needed)
A compact 1-bedroom mid-terrace maisonette arranged over split levels, offered at auction with strong redevelopment potential. At 418 sq ft this small property suits investors or buyers seeking a low-entry purchase in a well-connected Swindon neighbourhood.
Practical positives include double glazing installed after 2002, fast broadband and excellent mobile signal, low flood risk and a below-average service charge. The building dates from 1976–82 and presents a straightforward layout with an open-plan living area and a good-sized double bedroom.
Important cautions are clear and material: the property is leasehold with only 55 years remaining; this will limit mortgage options and many lenders may refuse to lend. The sale is via auction and there is a small ground rent (£90) and a service charge of £788 per year. Heating is by electric room heaters, which could mean higher running costs and future upgrade work.
For investors the 70,000 asking price and central location make this a candidate for buy-to-let or limited refurbishment. Buyers should commission legal and lease-length advice, check mortgage availability given the short lease, and factor in potential modernisation to heating and finishes.