Low-entry auction buy-to-let with tenant in situ and immediate income potential.
Let at £595 pcm with tenant keen to remain
Sold via online auction — buyer to verify process
Discrepancy in tenure: Freehold stated, later advised Leasehold
Compact 504 sq ft; small rooms, ground-floor flat
Allocated off-street parking and communal gardens
Double glazing and electric heating (no gas)
Slow broadband; area classed as very deprived
No flood risk; building shows exterior wear and cracks
Offered for online auction, this ground-floor two-bedroom flat presents a straightforward buy-to-let prospect in central Neath. The property is compact (approx. 504 sq ft) and currently let at £595 pcm to a tenant who is reported keen to stay, providing immediate rental income for an investor. Allocated off-street parking, double glazing and communal gardens add practical appeal.
The building shows external wear and evidence of age in the Victorian-style elevations; the flat’s interior will suit a basic rental standard or a light refurbishment to improve returns. Heating is electric, broadband speeds are slow and the wider area is described as very deprived, which may influence future rental demand and resale values.
Important legal and sale details: the lot will be sold at online auction and tenure information is inconsistent in the paperwork (Freehold stated in one source, later advised Leasehold—this must be clarified by legal search before bidding). Prospective buyers should also note the property’s small overall size and the potential need for maintenance or updating.
This is primarily a yield-led opportunity for buyers comfortable with auction purchase processes, tenancy management and possible refurbishment. It offers immediate cashflow at a low entry price, but carries risks linked to location, condition and unclear title details.