Strong rental yield potential in a busy student neighbourhood.
Two bedrooms, roughly 516 sq ft
This two-bedroom apartment sits within Smithfield Apartments, a modern block built 2003–2006, offering compact city-centre living across approximately 516 sq ft. With a long lease (about 130 years remaining) and double glazing, the property is straightforward to let to students or short-term city renters given its central location and excellent mobile/broadband connectivity.
The building and apartment are finished in a modern style with a fitted kitchen and balconies visible from the exterior. Electric room heaters provide main heating and the property is sold leasehold; average annual service charge is around £2,768 with a small ground rent of £150. These running costs are important factors for yield calculations.
This lot is being sold by the Modern Method of Auction. Bidders should factor in the buyer reservation fee (4.5% of purchase price, minimum £6,600) plus a £300 documentation charge, and complete their own due diligence before bidding. The apartment’s compact size and the very high local crime statistic are material considerations for some buyers.
For an investor seeking central student demand and straightforward modern accommodation, this apartment offers clear rental potential. Buyers who plan to occupy should note the electric heating, service charge level, and auction sale mechanics before proceeding.
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