Summary - Flat 3, Lingwood Hall, 12 St. James's Road DY1 3JD
1 bed 1 bath Flat
Long lease, immediate rental income — auction sale with secure parking.
One-bedroom flat with tenant in situ, current rent £650 pcm
A compact one-bedroom leasehold flat offered as an immediate income-producing investment. The property is sold with a sitting tenant currently paying £650 pcm, providing an instant yield from completion. The long lease (105 years remaining) gives security of tenure for investors and owner-occupiers alike.
Practical benefits include secure gated/off-street parking, a private garden area, double glazing and a fitted kitchen and bathroom. Annual outgoings include a service charge of £1,756 and ground rent of £150. Council tax band B is described as inexpensive locally.
Notable cautions: heating is electric room heaters only and mains fuel is electricity; walls are original solid brick with no assumed insulation; the wider area is classified as very deprived with above-average crime — these factors affect running costs, comfort and re-letting risk. The lot is being sold at auction with a starting bid of £65,000 and sale fees apply (5% non-refundable deposit on exchange plus a reservation fee up to 6% inc VAT, minimum £7,200). Buyers should review the legal pack and factor auction costs into purchase calculations.
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