Summary - 25, Stainton Road EN3 5JP
2 bed 1 bath Flat
Short-lease cash opportunity with garden and refurbishment upside near rail links.
- Vacant ground-floor two-bedroom flat, approx 530 sq ft
- Guide price £70,000+, sale by public auction, 6-week completion option
- Only c.12 years unexpired on lease — lenders likely refuse mortgages
- Requires general modernisation; external roofing shows asbestos risk
- Garden included; potential to improve outdoor space and appeal
- High local crime and very deprived area may affect resale/rentability
- Mains gas boiler and radiators; bathroom appears recently updated
A vacant ground-floor two-bedroom flat with garden, offered at auction with a guide price of £70,000+. The property totals approximately 530 sq ft and sits in a semi-detached, post‑war building close to local shops, parks and rail links (Turkey Street and Brimsdown).
This is a clear cash- or specialist-buy opportunity: the lease has only about 12 years remaining, so most mortgage lenders will refuse to lend. Buyers should budget for a lease extension premium or be prepared to purchase without mortgage finance. The flat requires modernisation throughout (cosmetic and possible roof/asbestos concerns shown externally) though the bathroom appears updated and heating is mains gas with boiler and radiators.
The area is an urban, culturally mixed neighbourhood with high local crime rates and very high deprivation scores—these factors affect rental demand and resale values and are important for investors to factor into yield and exit plans. Vacant possession and a short completion (six weeks available) suit buyers who can act quickly and manage lease-extension or refurbishment processes.
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