Summary - APARTMENT 213, LIGHTBOX, 63, EARL STREET S1 4WH
1 bed 1 bath Studio
Compact city-centre studio with rental income and long lease — auction sale, investor-friendly..
- Immediate rental income £650 pcm (current tenancy)
- Starting Bid £38,000; sold at auction
- 191 years remaining on long lease
- Service charge c. £2,400 pa; ground rent £300 pa
- EPC rating C (reasonable energy efficiency)
- Broadband speeds reported very slow
- Very high local crime levels
- Small studio; compact kitchen and bathroom
A compact, city-centre studio in Lightbox, offered at auction with a Starting Bid of £38,000. Currently let for £650 pcm, the flat gives immediate rental income and a gross yield in excess of 5% at the guide price, making it well suited to investors or as university accommodation.
The open-plan layout is practical and light, with contemporary kitchen units, wood-effect floors and a neutral bathroom. The building benefits from an EPC C rating and 191 years remaining on the lease, reducing near-term leasehold risk. On-site amenities and abundant local services place shops, transport and leisure facilities within easy walking distance.
Buyers should note material running costs: an annual service charge of about £2,400 and ground rent of £300. Broadband speeds are reported as very slow, and the area records very high crime levels—factors that will affect long-term lettability and some tenants’ preferences. The property will be sold at auction, so purchasers must budget for auction fees and conveyancing checks.
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