Two-bedroom first-floor apartment sold at auction — low entry price, refurbishment potential..
First-floor two-bedroom apartment, about 697 sq ft
Sold at auction — immediate exchange possible, review terms
5% non-refundable deposit on exchange; reservation fee up to 6% (min £6,000)
Leasehold tenure — check lease length, service charge and ground rent
Electric heating; partial double glazing, living room may need replacement
Requires modernization to boost energy efficiency and rental value
Very deprived area with above-average crime — affects lettability/management
Good transport links to Liverpool and fast local broadband
This two-bedroom first-floor apartment on St. Aidans Way is presented primarily as an investment purchase. At about 697 sq ft it offers two double bedrooms, a fitted kitchen, separate living room and a single bathroom — a straightforward layout that suits rental demand or refurbishment for capital uplift.
The block benefits from decent transport links into Liverpool and fast broadband, which support lettability. The property has electric heating and double glazing in parts; the living room shows older single glazing and would benefit from modernization to improve energy efficiency and rental appeal. The wider neighbourhood is very deprived and records above-average crime rates, factors that will influence rents, management needs and buyer risk appetite.
This lot is being sold at auction under conditional terms with immediate exchange possible. Buyers should note the auction costs and commitments: a 5% non-refundable deposit on exchange plus a reservation fee of up to 6% (minimum £6,000 incl. VAT) in addition to the purchase price. The property is leasehold — consult the legal pack for lease length, ground rent and service charge details before bidding.
For an investor able to accept area risk and auction buying costs, this apartment offers a low entry price and scope to add value through selective refurbishment and improved thermal efficiency. For owner-occupiers, the location and local social indicators suggest careful consideration and pre-purchase legal advice.
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