Summary - Flat 3, 1 James Street ST4 5HB
2 bed 1 bath Flat
Low-entry investment with strong reported yield and long lease term..
- Long lease: approximately 979 years remaining
- Vacant possession; sold by public auction (legal pack essential)
- Previously let at £9,540pa (reported gross yield ~15%)
- Compact footprint: around 539 sq ft, small rooms
- EPC rating B; double glazing and gas central heating
- Allocated off-street parking and balcony doors to light
- Area: social-renting profile, average crime and deprivation
- Excellent mobile signal and fast broadband speeds
A compact first-floor two-bedroom flat offered for sale by public auction, presented as a straightforward investment or buy-to-let starter. The building dates from the mid-2000s and the property benefits from a long lease (approximately 979 years remaining), double glazing and an EPC rating of B, supporting efficient running costs and tenant appeal.
The flat is currently vacant and was previously let at £9,540 per annum, a figure that represents a reported gross initial yield of about 15% at guide prices. There is allocated off-street parking and good digital connectivity (fast broadband, excellent mobile signal), plus easy access to Stoke-on-Trent station and local amenities, which helps lettability in a city-centre location.
Material matters to note: the property is being sold at auction with public notice/repossession flagged. The accommodation is small (approximately 539 sq ft) and situated in an area classified as social renting with average crime and deprivation indices. Prospective buyers should inspect the legal pack and factor auction purchase terms, potential management costs and any immediate refurbishment or letting works into their budget.
For an investor seeking a low-entry capital purchase with strong headline yield potential, this flat offers clear upside if re-let or held as a low-maintenance income asset. For buyers seeking larger family accommodation, the size and layout will be limiting.
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