Ready-made rental with balcony, roof terrace and long lease.
- Seventh-floor one-bedroom apartment with private balcony and city views
- Open-plan living with fully fitted integrated kitchen
- Communal roof terrace and well-maintained communal gardens
- Currently tenanted until 06/04/2026 at £1,100 pcm (income-producing)
- Lease circa 246 years remaining; EWS-1 certificate noted
- Electric room heaters only (no gas central heating)
- Service charge £1,806.48 pa; ground rent £250 pa
- Sold via online auction; 5% deposit plus up to 6% reservation fee
This seventh-floor one-bedroom apartment at Bridgewater Point is an attractive, ready-made rental or starter-home opportunity. The open-plan living and fully integrated kitchen flow onto a private balcony; a communal roof terrace and gardens add outside space and city views. The property is currently tenanted until 06/04/2026 at £1,100 pcm, making it immediately income-producing for investors.
Important running costs and sale conditions affect affordability. The flat uses electric room heaters (no central gas), with an annual service charge of £1,806.48 and a ground rent of £250. The property will be sold via online auction with a starting bid of £140,000; buyers should allow for a 5% non-refundable deposit on exchange and a reservation fee of up to 6% (min £6,000 inc VAT).
Lease length is long (circa 246 years remaining) and an EWS-1 certificate is noted. There is a limited lending pool for this auction sale, so mortgage options may be restricted; cash or specialist lender buyers are more likely to secure finance quickly.
Overall, this compact, well-presented apartment suits investors seeking immediate rental income or buyers wanting a low-maintenance city base. Inspect the legal pack, factor in auction fees and running costs, and confirm finance availability before bidding.
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