Auction-ready renovation opportunity for investors seeking rental or resale potential.
- Two double bedrooms, approx. 797 sq ft
- Requires full renovation throughout
- Leasehold: c.88 years remaining
- Sold at auction; reservation fee applies (4.5%, min £6,600)
- Service charge approx. £650pa; ground rent £10
- Very deprived area with above-average crime
- Fast broadband and excellent mobile signal
- No flood risk; mains gas central heating
This two-bedroom, second-floor flat (approx. 797 sq ft) offers clear refurbishment potential for buyers comfortable with a project. The building is a mid-20th-century brick block with double glazing and gas central heating; the interior is dated and requires full modernisation to unlock rental or resale value.
The property is sold via the Modern Method of Auction and is chain free, which can speed completion for cash or mortgage-ready investors. Important transactional costs: a non-refundable Reservation Fee (4.5% of purchase price, minimum £6,600) plus a buyer pack fee. Leasehold with c.88 years remaining; annual service charge around £650 and ground rent £10.
Location benefits include fast broadband, excellent mobile signal, and nearby primary and secondary schools rated Good–Outstanding. Frequent local amenities and bus links serve the major conurbation. Practical positives: no flood risk, mains gas boiler with radiators, filled cavity walls.
Material drawbacks are significant and factual: the flat needs renovation throughout, the neighbourhood scores as very deprived with above-average crime levels, and lease length may affect some lenders. Prospective buyers should carry out full due diligence, view the Buyer Information Pack, and budget for refurbishment and auction-related fees.
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