- Vacant one-bedroom flat on upper level with balcony
- Garage parking included, communal parking and stores on site
- 86 years remaining on lease (approximate)
- Service charge about £1,287 per year; ground rent £10
- Listed for online unconditional auction; BUY IT NOW £12,500
- Likely needs cosmetic refurbishment to maximise rental value
- Area classed very deprived with high local crime rates
- Buyers subject to non-refundable buyer/admin fees and auction terms
A compact one-bedroom flat in a purpose-built mid-20th-century block, offered vacant and ready for re-letting or resale. The upper-level apartment has a small fitted kitchen, bathroom, lounge, bedroom and an elevated balcony overlooking communal parking and garages. On-site garage parking is included, which is an uncommon plus for this size of flat.
This lot is being sold at online unconditional auction with a BUY IT NOW price of £12,500 (plus auction fees). The long lease (circa 86 years remaining) and low guide price create potential for a buy-to-let purchase or a cash investor looking for short-term refurbishment and rent uplift. Broadband and mobile signal are strong locally, and road links to The Galleries, A1 and A19 improve tenant appeal.
Buyers should note material drawbacks: the block sits in a very deprived area with high local crime statistics, a substantial service charge (approx. £1,287 pa) and annual ground rent of £10. The flat appears serviceable but dated and will likely need cosmetic upgrading to maximise rental income. Sale is subject to auction terms and additional buyer fees; study the legal pack closely before bidding.
