Auction lot with short lease and renovation potential for experienced buyers..
Vacant ground-floor two-bedroom flat in purpose-built block
Offered for sale at public auction, this vacant ground-floor flat sits in a purpose-built block with communal grounds. The accommodation includes a reception room, kitchen, two bedrooms and a bathroom, with electric heating and double glazing. The property is sold leasehold with approximately 33 years remaining and an EPC rating of D.
This is a clear auction opportunity for experienced buyers or cash investors prepared for immediate legal commitment on exchange. Mortgage lenders will likely refuse to lend due to the short unexpired lease; check the legal pack and budget for lease-extension costs or purchase as a cash investment. The sale carries an administration fee and any additional costs listed in the legal pack, and buyers must exchange unconditionally on the fall of the gavel.
The building dates from the late 1960s–1970s and will suit buyers expecting a dated interior and basic electric heating; some refurbishment is likely required to modernise. The location provides fast broadband and excellent mobile signal, but the local area records higher crime and relative deprivation, so factor that into rental or resale assumptions. Viewings will be block-viewing only and the auction is livestreamed for remote bidding.
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