Vacant Grade II listed two-bed with parking and concierge — sold by auction, long lease.
Two-bedroom first-floor apartment with two en-suite bathrooms
Offered vacant and sold at auction, this two-bedroom first-floor apartment sits within the Grade II listed Galleries development — a converted historic building with characterful Tudor Revival styling. The apartment benefits from a vaulted honeycomb ceiling, private entrance and courtyard, an allocated parking space and two en-suite shower/bathrooms, making it straightforward to let as a two-bed executive rental or short-term corporate residence. Brentwood station and well-regarded schools are within easy reach, supporting rental demand.
Practical strengths include a long lease (approximately 156 years remaining), full-time concierge, gated communal gardens and a tidy footprint of around 722 sq ft. These factors help preserve value and make management simpler for an investor used to leasehold blocks. The apartment is vacant, allowing immediate access after purchase and straightforward refurbishment to add value where needed.
Important considerations: the property will be sold at public auction and has listed status, which can restrict alterations and may complicate planning or repairs. Service charges are relatively high (about £2,019.53 every six months, c. £4,039 per year) plus a ground rent of about £300 pa. Heating is by electric room heaters, so running costs may be higher than gas-heated equivalents; broadband speeds are noted as slow. The local recorded crime level is high, which could affect some tenants’ preferences. These are practical factors an investor should price into any purchase and letting plan.