Summary - 59, WELLINGTON AVENUE L15 0EH
1 bed 1 bath Studio
Entry-level buy-to-let near transport links, sold with tenant in place..
- Currently let at £397 pcm until 30 June 2026
- Purpose-built student bedsit with private bedroom
- EPC B; mains gas boiler and radiators
- Leasehold sale; check ground rent and service charge
- Sold at auction: 5% deposit and buyers’ fee apply
- Local area: high crime and very high deprivation
- Easy access to town centre, train station and amenities
- Cavity walls assumed uninsulated; possible retrofit costs
A compact studio bedsit in a modern purpose-built block, offered for sale at auction with a tenant in situ until 30 June 2026. The unit forms part of contemporary student accommodation with a private bedroom and shared kitchen/living and shower facilities — simple, low-maintenance accommodation aimed at the rental market.
This is a straightforward buy-to-let for an investor targeting students and young professionals. Current rent is £397 pcm, EPC B and mains gas heating are positives for running costs and compliance. The location offers easy access to the town centre and train station and a wide range of local shops and amenities.
Important considerations: the property is leasehold and will be sold at auction under unconditional terms, with a minimum 5% deposit (minimum £5,000) plus a buyers’ fee (4.8%, minimum £6,000 inc. VAT). The surrounding area scores high for crime and very high for deprivation, and the building’s cavity walls are assumed uninsulated — factor potential maintenance, voids and management responsibilities into any offer.
Overall this suits an investor seeking an entry-level student-let with immediate income and straightforward maintenance, provided they are comfortable with auction purchase mechanics, additional fees, and managing a let in a high-crime, high-deprivation area.
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