Let 2-bed ground-floor flat with parking and long lease — auction sale, ideal for investors..
Long-term tenant in situ paying £600 pcm
Ground-floor two-bedroom flat in Victorian multi-unit building
Allocated off-street parking and double glazing
Electric central heating installed but not tested
Around 990 years remaining on the lease
Sold at online auction — buyer due diligence essential
Dated interior and communal areas need cosmetic renovation
Area recorded as very deprived; broadband speeds slow
This ground-floor two-bedroom flat in Neath is offered for sale at online auction and is currently let to a long-term tenant paying £600 pcm. The property sits in a large Victorian multi-unit building and includes allocated off-street parking, double glazing and electric central heating (not tested). The long lease (around 990 years) reduces long-term tenure risk for investors.
The flat shows signs of wear and dated decor and will require cosmetic updating; some communal areas likely share period maintenance costs. Broadband speeds are reported slow and the local area is recorded as very deprived, which may affect tenant demand and long-term capital growth compared with stronger neighbourhoods. Mobile signal is excellent and local rail links to Swansea/Cardiff are within a short drive.
This lot is aimed at investors seeking immediate rental income from an in-situ tenant and potential upside through refurbishment or better management. The property will be sold at auction, so buyers should carry out their own legal and physical due diligence, and verify tenancy details and heating condition before bidding.